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self-correcting system


'self-correcting system' can also refer to...

 

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A system where deviations from any initial position lead to reactions which tend to return the system to equilibrium. A self-correcting, or self-stabilizing, economic system will return to equilibrium without any assistance from the monetary or fiscal authorities. It may still be possible for the authorities to speed up the return to equilibrium by policy measures.

Subjects: Economics.


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