Define and give three examples of automatic stabilizers, Macroeconomics

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Define and give three examples of automatic stabilizers

Problem

1. What is the role of aggregate demand in eliminating the GDP gap? How does the slope of the AS curve affect the fiscal policy actions necessary to eliminate the GDP gap?

2. In what ways are government deficits harmful to the economy

3. Define and give three examples of automatic stabilizers.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Define and give three examples of automatic stabilizers

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