Fiscal policies that move the economy toward potential GDP without a change in policy are called

Name: Fiscal policies that move the economy toward potential GDP without a change in policy are called
Brand: Quizplus
Rating: 4.8 (41 reviews)

Question

Quizplus · Accepted Answer

Automatic stabilizers are fiscal policies that automatically adjust to economic conditions, helping to move the economy toward potential GDP without the need for new legislation or policy changes. Examples include progressive tax systems and unemployment benefits.

Fiscal Policies That Move the Economy Toward Potential GDP Without