toIPA
Home
Blog
Category
Automatic stabilizer
term in macroeconomics, referring to features of the structure of modern government budgets, particularly income taxes and welfare spending, that act to dampen fluctuations in real GDP
Pronunciation
/ɔːtəˈmatɪk ˈsteɪbɪlʌɪzə/
/ˌɔdəˈmædɪk ˈsteɪbəˌlaɪzər/
Categories
negative feedback