Which one of the following functions as an automatic stabilizer in the context of fiscal and monetary policies of an economy?
1) Personal income tax
2) Reverse repo rate of bank
3) Open market operation
4) Bond price
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Which one of the following functions as an automatic stabilizer in the context of fiscal and monetary policies of an economy?
1) Personal income tax
2) Reverse repo rate of bank
3) Open market operation
4) Bond price
The Correct answer is Personal income tax