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Two stars have the same absolute magnitude, but one lies twice as far from Earth as the other. It will appear half as bright.
Discretionary Fiscal Policy
Economic policies based on government spending and taxation that are employed to manage economic fluctuations and steer the economy.
Automatic Stabilizers
Economic policies and programs designed to offset fluctuations in a nation's economic activity without direct intervention by policymakers.
Expansionary Fiscal Policy
Government policy aimed at increasing economic activity through higher spending or lower taxes.
Deficit Reduction Packages
Sets of policy measures aimed at reducing government budget deficits through spending cuts, tax increases, or a combination of both.
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