Examlex
Which of the following best defines supply?
Automatic Stabilization Policies
Economic policies and programs that automatically adjust government spending or taxes in response to economic changes, without the need for additional legislative action.
Aggregate Demand
The combined need for all commodities and services in an economy, quantified at a set price level and within a specific period.
Federal Budget Surplus
A situation where the government's income exceeds its spending, resulting in excess funds for a given fiscal period.
National Debt
The aggregate sum of funds that a nation's government has accrued in debt and remains liable for.
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