"Automatic stabilizers" are policies and systems that help the economy stay on a steady path during times of financial ups and downs, without needing any direct intervention. These stabilizers automatically kick in when there is an economic downturn, like a recession or financial crisis, and adjust government spending and taxes to limit the negative impact on people's incomes and overall economic activity. They work without any immediate action from policymakers and help to stabilize and support the economy.
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