Solved: Why do we call mechanisms such as proportional income taxes, Macroeconomics

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Why do we call mechanisms such as proportional income taxes

Problem

Why do we call mechanisms such as proportional income taxes and the welfare system automatic stabilizers? Choose one of these mechanisms and explain carefully how and why it affects fluctuations in output.

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: Why do we call mechanisms such as proportional income taxes

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