Examlex
A ranked society in which every member has a position in the hierarchy and an individual's status is determined by membership in a descent group is called a:
Full Employment GDP
The total market value of all final goods and services produced at a time when all available resources are fully employed.
Automatic Stabilizers
Economic policies and programs designed to offset fluctuations in a nation's economic activity without intervention by the government or policymakers.
Business Cycle
The fluctuating levels of economic activity over time, including periods of expansion, peak, recession, trough, and recovery.
Recessionary Gap
A situation in an economy where the actual output is less than the potential output, indicating underutilized resources and unemployment.
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Q58: Which of the following statements is incorrect?<br>A)All