The Fact That Automatic Stabilizers Work Without Having Congress or the President

question 358

True/False

The fact that automatic stabilizers work without having Congress or the president explicitly intervene is a major disadvantage.

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Definitions:

Threat of Strikes

The potential action of workers stopping work as a form of protest or to demand improved conditions or wages, used as leverage in negotiations.

Welfare Capitalism

An approach in which companies provide welfare-like services to their employees, such as housing and healthcare, to improve working conditions and reduce labor unrest.

Strategic Human Resource Management

An approach to managing human resources that supports long-term business goals and outcomes with a strategic framework.

Wealth Concentration

The process by which a small segment of the population comes to hold a significant proportion of the society's wealth, leading to economic inequality.