An Increase in Tax Receipts During an Economic Boom Is

question 69

True/False

An increase in tax receipts during an economic boom is an example of an automatic stabilizer in an economy.

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Definitions:

Core Knowledge Perspective

A theory in developmental psychology that suggests children are born with innate knowledge systems or core domains of thought.

Innate Knowledge Systems

Cognitive structures present at birth that allow individuals to acquire knowledge, often considered a part of the nature versus nurture debate.

Reflexive Behaviors

Automatic, instinctual actions that do not require conscious thought, often present from birth.

Mental Representation

Internal images, symbols, or concepts used to understand the world, remember information, and solve problems.