If the economy has automatic stabilizers built in, the multiplier will

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Automatic stabilizers, such as unemployment insurance and progressive income taxes, help to cushion the impact of economic fluctuations by automatically increasing government spending or decreasing taxation during recessions and reducing government spending or increasing taxation during booms. This reduces the amplitude of the fluctuations in the economy, which in turn means that the multiplier effect of any government spending or taxation changes will be smaller than it would have been without these stabilizers.

If the Economy Has Automatic Stabilizers Built In, the Multiplier