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Give an Example of an Automatic Stabilizer

question 183

Essay

Give an example of an automatic stabilizer.Explain how automatic stabilizers work in the case of recession.


Definitions:

Joint Decisions

Decisions made collaboratively by two or more parties where the outcomes affect everyone involved, aiming for consensus or compromise.

Labor-Management Involvement

The process where both labor (employees or their unions) and management actively participate in addressing and resolving workplace issues together.

Quality Circles

Small groups of employees who voluntarily come together to identify, analyze, and solve work-related problems, aiming to improve the quality of their output.

Continuous Improvement

An ongoing effort to improve products, services, or processes by making small, incremental changes over time.

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