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Explain What Is Meant by Automatic Stabilizers and How They

question 46

Essay

Explain what is meant by automatic stabilizers and how they work to minimize fluctuations in economic activity.


Definitions:

Service Quality

The degree to which a service meets customers' expectations, often a crucial factor in customer satisfaction and loyalty.

Service Perceptions

The customer's view and evaluation of the quality and effectiveness of a service provided.

Instrumental Support

Providing the equipment or systems needed to perform a task in a job setting.

Service Infrastructure

The foundational physical and organizational structures needed for the operation of a society or enterprise's services system.

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