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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

Is Medicaid (federal government aid to low-income families and individuals) an automatic stabilizer?

To determine

Whether the Medicaid is an automatic stabilizer needs to be determined.

Explanation

The Medicaid cannot be classified as an automatic stabilizer as it does not have any relation to economic situations. It is an aid or help which is provided to the people who are not capable to afford the medical treatment...

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