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economic stabilizer

 
Britannica Concise Encyclopedia: economic stabilizer
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Any of the institutions and practices in an economy that serve to reduce fluctuations in the business cycle through offsetting effects on the amounts of income available for spending (disposable income). The progressive income tax, unemployment compensation, and farm price supports all help stabilize the amount of disposable income, as do family and corporate saving.

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Britannica Concise Encyclopedia. Britannica Concise Encyclopedia. © 2006 Encyclopædia Britannica, Inc. All rights reserved.  Read more