Ongoing government programs and policies that are designed to adjust to changing economic conditions in a way that is countercyclical and do not require additional authorization from the legislature are called:
A) countercyclical systems.
B) automatic stabilizers.
C) systematic adjustment programs.
D) built-in adjustment systems.

Question

Quizplus · Accepted Answer

Automatic stabilizers are government programs and policies that automatically adjust to changing economic conditions in a countercyclical manner, such as unemployment benefits and progressive taxation, without the need for new legislative action.

Ongoing Government Programs and Policies That Are Designed to Adjust