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book Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz cover

Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz

Edition 12ISBN: 978-1259070969
book Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz cover

Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz

Edition 12ISBN: 978-1259070969
Exercise 8
Why do we call mechanisms such as proportional income taxes and the welfare system automatic stabilizers Choose one of these mechanisms and explain carefully how and why it affects fluctuations in output.
Explanation
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Fiscal policy is the tool used by the go...

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Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
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