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Unemployment
Refers to the situation where individuals who are capable of working and are actively seeking employment cannot find a job.
Automatic Stabilizers
Tools in fiscal policy that adjust spending and taxes automatically to buffer against economic cycles, reducing the effects of inflation and recession.
Tax Credits
Amounts subtracted directly from the taxes owed to the government, incentivizing certain economic activities or investments.
Transfer Payments
Non-compulsory payments made by the government to individuals or other entities, without a direct exchange of services or goods; examples include pensions and subsidies.
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