Question

What are expansionary ficalpolicy? Contrationary fiscal policy, What do you mean by automatic stabilizer?

subject Macroeconomics, please please help...

Answer 1

Here is your answer : )

Step-by-step explanation:

Contractionary fiscal policy means when the government taxes more than it spends.

Expansionary fiscal policy means when the government spends more than it taxes.

Automatic stabilizers means features of the tax and transfer systems that temper the economy when it overheats and stimulate the economy when it slumps without direct intervention by policymakers.

Hope it helps you