All of the following are examples of automatic stabilizers except

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Automatic stabilizers are built-in features of the government budget that help stabilize fluctuations in the economy without any specific action by policymakers. Personal income taxes, means-tested federal transfer payments, and welfare benefits are all examples of automatic stabilizers as they automatically increase during economic downturns and decrease during economic expansions. Government emergency spending is not an example of an automatic stabilizer as it requires specific action by policymakers in response to a particular economic situation.

All of the Following Are Examples of Automatic Stabilizers Except