|
This is just a FREE sample preview of the essay
Subscribe to Essay Galaxy for instant access to view the entire paper
Essay Galaxy - How are Automatic Stabilizers Used to Combat Inflation?
How are Automatic Stabilizers Used to Combat Inflation?
In today's economy, there are devices present called automatic
stabilizers. Automatic stabilizers, are mechanisms which aid in the correction
of an economic problem without the interference of anyone or anything. They are
perhaps most useful to combat demand - pull inflation. Demand - pull inflation,
is when prices rise because the economy cannot produce enough goods to satiate
the economy. An automatic stabilizer, that is beneficial to combat such a
problem, is a progressive tax. A progressive tax, is a tax that becomes a
higher rate for each increasing level of gross domestic product. If such a tax
is present within the economy, when the society becomes more prosperous, such as
in the situation with demand-pull inflation, the citizens are taxed more,
therefore decreasing the mar....
|
|
Number Of Pages: 2 |
Number Of Words: 411 |
Got a term paper due soon and need some help quick? You have come to the right place. Essay
Galaxy has over 50,000 essays, papers, and reports available for download right now! Get
ideas from thousands students just like you to help make that essay perfect. Don't hesitate.
Join today and get instant access to our enormous database.
|
Membership Options |
Price |
Savings |
|
1 month subscription |
$19.95 recurring |
* |
3 months subscription |
$39.95 recurring |
$19.90 |
6 months subscription |
$69.95 non-recurring |
$49.75 |
|
|
Credit card and check processing is provided by PayPal and is 100% safe and secure
|