Since automatic stabilizers were introduced after the Great Depression, business cycles in Canada have been less frequent, and the contractions have been less severe.

Question

Quizplus · Accepted Answer

Automatic stabilizers, such as unemployment benefits and progressive income taxes, help cushion the impact of economic downturns and stabilize aggregate demand. This results in less frequent and less severe contractions in the business cycle.

Since Automatic Stabilizers Were Introduced After the Great Depression, Business