Automatic stabilizers are

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Automatic stabilizers are provisions built into a country's economic system that help stabilize the economy during times of economic downturns without requiring explicit government action. These stabilizers include progressive income taxes, unemployment insurance benefits, and welfare programs, among others. They work by automatically increasing government spending and decreasing taxes during recessions and decreasing government spending and increasing taxes during economic booms, thus helping to smooth out the business cycle. Importantly, automatic stabilizers do not require action by Parliament, as they are already built into the system.

Automatic Stabilizers Are