|
|
 |
|
|
|
|
| built-in sta·bi·liz·er (plural built-in sta·bi·liz·ers) |
noun |
|
| Definition: |
| |
automatic economic stabilizer: a factor that reduces an economy's cyclic fluctuations because of the fact that government taxes and expenditure changes tend to offset changes in national income. When, e.g. national income falls, taxes fall by more and expenditure by less, modifying the original change.
|
|
|
|
