Taxes and government spending that affect fiscal policy without specific action from policymakers are called:

Question

Quizplus · Accepted Answer

Automatic stabilizers refer to the changes in government spending and taxation that automatically occur as a result of changes in economic conditions, such as a recession or inflation, without the need for specific action from policymakers. These stabilizers have an automatic impact on the economy, helping to stabilize it and prevent further fluctuations.

Taxes and Government Spending That Affect Fiscal Policy Without Specific