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economic stabilizer |
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economic stabilizerAny of the institutions and practices in an economy that serve to reduce fluctuations in the business cycle through offsetting effects on the amounts of income available for spending (disposable income). The progressive income tax, unemployment compensation, and farm price supports all help stabilize the amount of disposable income, as do family and corporate saving. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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