Examlex
The nervous system and certain chemicals can cause the constriction of a blood vessel. This is known as ________.
Government Spending
Expenditures by government bodies on goods and services that influence the economy's overall activity.
Recessionary Gap
A situation in macroeconomics when an economy operates below its full-employment equilibrium, leading to a gap in output.
Government Spending
The total amount of public expenditure by government entities on goods, services, and public projects.
Automatic Stabilizers
Economic policies and programs designed to offset fluctuations in a nation's economic activity without intervention by the government or policymakers, such as unemployment insurance and progressive taxation.
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