![SOLVED: Question 5 1 pts A major advantage of built-in or automatic stabilizers is that they: O automatically produce a surplus during a recession and a deficit during inflation. O require no SOLVED: Question 5 1 pts A major advantage of built-in or automatic stabilizers is that they: O automatically produce a surplus during a recession and a deficit during inflation. O require no](https://cdn.numerade.com/ask_images/06be388905f544689bed6f01c5253bd3.jpg)
SOLVED: Question 5 1 pts A major advantage of built-in or automatic stabilizers is that they: O automatically produce a surplus during a recession and a deficit during inflation. O require no
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![SOLVED: Automatic stabilizers refer to mechanisms in the economy that automatically help stabilize economic fluctuations. These mechanisms are built into the fiscal policy and are designed to offset changes in economic activity SOLVED: Automatic stabilizers refer to mechanisms in the economy that automatically help stabilize economic fluctuations. These mechanisms are built into the fiscal policy and are designed to offset changes in economic activity](https://cdn.numerade.com/ask_images/5dac892bb6e348a6bb1349f5d60d255e.jpg)
SOLVED: Automatic stabilizers refer to mechanisms in the economy that automatically help stabilize economic fluctuations. These mechanisms are built into the fiscal policy and are designed to offset changes in economic activity
![SOLVED: A major advantage of the built-in or automatic stabilizers is that they: - guarantee that the Federal budget will be balanced over the course of the business cycle. - require no SOLVED: A major advantage of the built-in or automatic stabilizers is that they: - guarantee that the Federal budget will be balanced over the course of the business cycle. - require no](https://cdn.numerade.com/ask_images/17f1c5d92e0f42719bdeb6ed6563a53a.jpg)
SOLVED: A major advantage of the built-in or automatic stabilizers is that they: - guarantee that the Federal budget will be balanced over the course of the business cycle. - require no
![SOLVED: Automatic Stabilizers (built-in stabilizers) Discretionary Fiscal Policy El payments - Progressive tax rate Deliberate manipulation of Government spending and taxes - Expansionary and Contractionary Fiscal policy Once enacted by the government, SOLVED: Automatic Stabilizers (built-in stabilizers) Discretionary Fiscal Policy El payments - Progressive tax rate Deliberate manipulation of Government spending and taxes - Expansionary and Contractionary Fiscal policy Once enacted by the government,](https://cdn.numerade.com/ask_images/2fb7bda11552458f93ef3e22b34db9cf.jpg)
SOLVED: Automatic Stabilizers (built-in stabilizers) Discretionary Fiscal Policy El payments - Progressive tax rate Deliberate manipulation of Government spending and taxes - Expansionary and Contractionary Fiscal policy Once enacted by the government,
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![SOLVED:Explain how built-in (or automatic) stabilizers work. What are the differences between proportional, progressive, and regressive tax systems as they relate to an economy's built-in stability? SOLVED:Explain how built-in (or automatic) stabilizers work. What are the differences between proportional, progressive, and regressive tax systems as they relate to an economy's built-in stability?](https://cdn.numerade.com/project-universal/previews/1735c049-fedc-4584-b9f1-b6642fc21643_large.jpg)