The automatic stabilizers which have been developed in the last 100 years to help dampen the business cycle include each of the following except
A) deposit insurance.
B) progressive income tax.
C) unemployment insurance.
D) guaranteed minimum income.

Question

Quizplus · Accepted Answer

Guaranteed minimum income is not considered an automatic stabilizer developed in the last 100 years to help dampen the business cycle. Automatic stabilizers like deposit insurance, progressive income tax, and unemployment insurance work by automatically adjusting to changes in economic conditions without the need for new government action, thereby helping to stabilize the economy. Guaranteed minimum income, while it can have stabilizing effects, is not traditionally categorized with these mechanisms and has not been widely implemented or recognized as an automatic stabilizer in the same way.

The Automatic Stabilizers Which Have Been Developed in the Last