If automatic stabilizers change the federal budget balance


If Automatic stabilizers change the federal budget balance by $70 billion for every 1 percent change in real GDP growth, what will happen to the federal budget balance if the economy falls into a recession of -3 percent from a growth path of +2 percent?

Request for Solution File

Ask an Expert for Answer!!
Business Economics: If automatic stabilizers change the federal budget balance
Reference No:- TGS01096934

Expected delivery within 24 Hours