Examlex
Small businesses outperform their larger counterparts in terms of patent activity (issuance).
Unemployment Insurance
A government program that provides financial assistance to unemployed workers who have lost their jobs through no fault of their own.
Automatic Stabilizers
Economic policies and programs that automatically adjust to counteract economic fluctuations without the need for government intervention.
Business Cycle
The fluctuations in economic activity that an economy experiences over a period of time, marked by periods of expansion and contraction in GDP.
Fiscal Drag
The negative effect on disposable income and aggregate demand when taxes do not fall in line with inflation, effectively increasing the tax burden.
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