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Which of the following is not true about survivorship insurance?
Full-employment GDP
Full-employment GDP is the maximum potential output an economy can produce when all resources, including labor, are fully utilized without causing inflation.
Capitalist Economy
A financial system where capital goods are owned by individuals or corporations, with investment choices, prices, production, and goods distribution primarily influenced by competition within a free market.
Automatic Stabilizer
Economic policies and programs, like unemployment benefits, that automatically adjust to counteract economic fluctuations without additional government action.
Unemployment Compensation
Government-provided financial assistance to individuals who are unemployed and meet certain eligibility requirements.
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