Asked by
Jamie Portier
on Nov 16, 2024
Verified
The automatic stabilizers in the U.S. economy are sufficiently strong to prevent recessions.
Automatic Stabilizers
Economic policies and programs designed to offset fluctuations in a nation's economic activity without intervention by the government or policymakers.
Recessions
Times of short-term economic downturn characterized by decreased trade and industrial output, typically marked by a reduction in Gross Domestic Product (GDP) over two consecutive quarters.
- Analyze the effectiveness of monetary and fiscal policies in response to recessions and economic downswings.
Verified Answer
MM
Learning Objectives
- Analyze the effectiveness of monetary and fiscal policies in response to recessions and economic downswings.
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