Changes in fiscal policy that stimulate ad in a recession without the need for explicit action by policymakers are called Automatic Stabilizers
Automatic Stabilizers
Automatic stabilizers are a type of fiscal policy that is designed to offset fluctuations in a country's economic activity through normal operation without the need for additional, timely authorization from the government or policymakers.
During a recession, automatic stabilizers can alleviate household financial stress by lowering tax bills or increasing cash and in-kind benefits, all without requiring changes to the tax code or new legislation. When a household's income falls, for example, it generally owes less in taxes, which helps to soften the blow.
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Answer:
President Abraham Lincoln, is the right answer.
Explanation:
In the year 1789, George Washington, the then U.S. President proclaimed the first national Thanksgiving Day. Though this day was proclaimed by him it was only during the Presidency of the Abraham Lincoln (in 1863) that Thanksgiving Day became a national holiday. He regarded the last Thursday in November to be observed as the Thanksgiving Day.
