Examlex
Using the Self-Critical Perfectionism Scale (SCPS) , Wheeler et al. (2010) reported that two groups showed the highest levels of self-critical perfectionism relative to other clinical groups and a control group. What did these two groups suffer from?
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.
Classical Economists
Economists who believe in self-regulating markets where competition leads to efficient outcomes without government intervention.
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