A built-in stabilizer is a feature of a system that automatically tends to stabilize the system toward equilibrium or stability, particularly during economic fluctuations or disruptions.
The equilibrium quantity is the amount of a good that will be produced and sold when the market for the good is in equilibrium, where demand equals supply.
Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.