Automatic Stabilizers Refer to

question 65

Multiple Choice

Automatic stabilizers refer to

• A)the Fed's monetary policy rule.
• B)the self-adjusting nature of a market economy.
• C)the fact that Congress is called into session whenever there is a recession.
• D)taxes and government spending that change automatically whenever the state of the economy changes.
• E)the tendency for changes in inflation to return the economy to potential GDP.

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Definitions:

Moral Thought

The process of thinking about, and making judgments regarding, the rightness or wrongness of human actions.

Kohlberg

A theorist known for his work in the development of moral reasoning, proposing stages through which individuals progress as they mature.

Gilligan

A psychologist known for her work in gender differences in morality and ethical decision-making, challenging traditional theories by introducing a feminine perspective.

Spillover Hypothesis

A theory suggesting that the emotions, attitudes, and behaviors experienced in one area of life can transfer to, and affect, another area.