Built-in stability typically refers to mechanisms in a government's budget that automatically stabilize the economy without the need for active intervention. This is primarily associated with:
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"Automatic" budgetary policy: This includes elements like taxes and welfare programs that automatically adjust based on economic conditions.
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Nondiscretionary budgetary policy: This term also reflects policies that are built into the system and do not require new legislation or intervention to take effect in response to economic changes.
Therefore, the correct selections relating to built-in stability are:
- "Automatic" budgetary policy
- Nondiscretionary budgetary policy
(Passive budgetary policy and Discretionary budgetary policy are generally not considered built-in stability.)