Marketers Talk of Three Kinds of Expectations.What Are They

question 14

Essay

Marketers talk of three kinds of expectations.What are they?

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Definitions:

Government Spending

The total amount of public funds that a government expends on various national and regional needs, including infrastructure, education, defense, and welfare.

Nondiscretionary Fiscal Policy

Government fiscal policies that are automatic stabilizers, such as taxation and welfare spending, which work without specific government intervention.

Automatic Stabilizers

Economic strategies and initiatives aimed at stabilizing a country's economic fluctuations without further action from the government or policy makers.

Built-in Stabilizer

Economic policies or instruments, like progressive taxation and welfare, that automatically reduce the amplitude of economic fluctuations without additional government intervention.