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:

Cultural Differences

The variation in the ways of life, beliefs, norms, and practices among various groups of people, from language and religion to food and social habits.

Cross-cultural Training

Education or training designed to help people from different cultural backgrounds communicate more effectively.

Departure Phase

The final stage of an employee's cycle in an organization, which includes resignation, retirement, or termination.

Cross-cultural Preparation

Training and education intended to help individuals understand and adapt to cultural differences in international settings.