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How do automatic stabilizers,on both the expenditure and revenue sides of the budget,respond during a recession?
Coercive Power
The capability to force someone to perform a desired action through threats or punishment.
Referent Power
A form of influence based on the loyalty and respect one commands due to personal traits or charisma, rather than a formal position or authority.
Uncertainty
The state of having limited knowledge about a situation, making outcomes unpredictable.
Discretion
Discretion refers to the freedom to decide what should be done in a particular situation, often involving judgment and the choice to act or not act.
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