Write some built-in stabilizers in the economy describe

Reference no: EM13456284

"The government stimulus package implemented during the recession of 2007-09 was needed since built-in stabilizers are not sufficient to get the economy out of a severe economic crisis."

Comment on this statement. In your answer

(1) list some built-in stabilizers in our economy,

(2) explain the connection between the multiplier process and inventory adjustments,

(3) explain the paradox of thrift.

Reference no: EM13456284

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