Automatic stabilizer

Rarity: Common

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At a glance

Class

Notion

Domain

Science and technology

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What Wikipedia says

In macroeconomics, automatic stabilizers are features of the structure of modern government budgets, particularly income taxes and welfare spending, that act to reduce fluctuations in real GDP.

Excerpt from the Wikipedia article “Automatic stabilizer”, under the CC BY-SA 4.0 license. Read the article on Wikipedia