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Explain how built-in (or automatic) stabilizers work. (Continued…)?

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Explain how built-in (or automatic) stabilizers work. (Continued…)?

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Clearly, automatic stabilizers don’t work. If they did, we wouldn’t be in this economic “crisis” and Bush and Congress wouldn’t have rushed to put through a tax rebate to address it. Economists don’t necessarily agree: http://en.wikipedia.org/wiki/Automatic_s…

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