[{"data":1,"prerenderedAt":58},["ShallowReactive",2],{"term:automatic-stabilizers":3},{"term":4,"related":45},{"id":5,"title":6,"body":7,"category":27,"description":28,"extension":29,"faq":30,"meta":31,"navigation":32,"path":33,"related":34,"seo":38,"stem":39,"takeaways":40,"__hash__":44},"terms\u002Fterms\u002Fautomatic-stabilizers.md","Automatic Stabilizers",{"type":8,"value":9,"toc":22},"minimark",[10,15,19],[11,12,14],"h2",{"id":13},"understanding-automatic-stabilizers","Understanding Automatic Stabilizers",[16,17,18],"p",{},"When the economy weakens, tax revenue falls and spending on unemployment benefits and income support rises, cushioning household incomes. In booms, the reverse happens.",[16,20,21],{},"They act quickly because no new law is needed, which makes them an important complement to discretionary fiscal policy.",{"title":23,"searchDepth":24,"depth":24,"links":25},"",2,[26],{"id":13,"depth":24,"text":14},"economy","Parts of the budget that support the economy in downturns without new legislation.","md",[],{},true,"\u002Fterms\u002Fautomatic-stabilizers",[35,36,37],"fiscal-policy","business-cycle","fiscal-multiplier",{"title":6,"description":28},"terms\u002Fautomatic-stabilizers",[41,42,43],"Taxes fall and benefits rise automatically in recessions.","They work without new legislation.","They widen deficits in downturns and shrink them in booms.","aXHjgoakPzBE2t8B-Z-uvYY-TsSnpc_3BNokykQxpVA",[46,50,54],{"title":47,"description":48,"path":49},"Business Cycle","The recurring rise and fall of economic activity around its long-run trend.","\u002Fterms\u002Fbusiness-cycle",{"title":51,"description":52,"path":53},"Fiscal Multiplier","How much total output changes for each dollar of government spending or tax cuts.","\u002Fterms\u002Ffiscal-multiplier",{"title":55,"description":56,"path":57},"Fiscal Policy","The use of government spending and taxes to influence the economy.","\u002Fterms\u002Ffiscal-policy",1793374004529]