Automatic stabilizers are built-in changes in government spending and taxation that dampen the business cycle by adjusting automatically with the economy's performance without additional legislative action.
Supplemental Unemployment Benefits (SUB) are payments received by terminated employees from an employer-financed fund that are distinguishable from standard unemployment compensation.
Unemployment compensation refers to the benefits provided to individuals who are unemployed through no fault of their own. These benefits are typically taxable and can come from various sources, including state agencies and special government programs.
