If the Economy Goes into a Recession, Then Automatic Stabilisers

question 11

Essay

If the economy goes into a recession, then automatic stabilisers are likely to lead to an increase in the budget deficit.Why might such a deficit be beneficial?

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Definitions:

Medial Temporal Lobe

A region of the brain critically involved in the formation of new memories and associated with various aspects of recognition memory and spatial navigation.

Parietal Lobe

One of the four major lobes of the cerebral cortex in the brain, responsible for processing sensory information regarding the location of parts of the body, as well as interpreting visual information and processing language and mathematics.

Hippocampus

An essential part of the limbic system involved in forming new memories and connected to emotions and spatial orientation.

Memory for Places

The cognitive ability to recognize, recall, and navigate different locations and environments.