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An example of an automatic stabilize

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Reference no: EM13700236

For each of the following, explain whether it is an example of an automatic stabilizer:
a. unemployment benefits increase during a recession
b. the government attempts to slow inflation by reducing military spending.
c. the government cuts income taxes to boost the economy.
d. many taxpayers fall out of the top tax bracket and keep a larger share of their income as the economy worsens. (Hint: This is according to current tax law.)

Reference no: EM13700236

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