Examlex
What was the toxic substance that accidentally found its way into the food chain in the early 1970s and to which almost all of Michigan's residents became exposed?
Discretionary Fiscal Policy
Government policy actions, such as changes in taxes and spending, aimed at stabilizing the economy that are initiated at the discretion of the government.
Stagflation
A condition of slow economic growth and relatively high unemployment accompanied by rising prices, or inflation, challenging the usual economic assumptions.
Permanent Income
A theory suggesting that an individual's consumption choices are based on their long-term income expectations rather than their current income.
Economic Decisions
Refers to choices made by individuals, businesses, or governments regarding allocation of resources to satisfy various needs and wants.
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