An advantage of automatic stabilizers over discretionary fiscal policy is that 1.automatic stabilizers are not subject to the same time lags as discretionary fiscal policy. 2.automatic stabilizers can be easily fine-tuned to move the economy to full employment. 3.only the President is involved in implementing automatic stabilizers, instead of both the President and Congress. 4.the Ricardian equivalence theorem applies more readily to automatic stabilizers than to discretionary fiscal policy.