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In Lewin's Process Model of change, the process by which new behaviours are made relatively permanent and resistant to further change is called
Fiscal Policy
Government modifications of its expenditure levels and tax policies to observe and manage a country's economic condition.
National Income
The total amount of money earned within a country, including wages, rent, interest, and profit, reflecting the overall economic activity.
Unemployment
Refers to the situation where individuals who are capable of working and are actively seeking employment cannot find a job.
Automatic Stabilizers
Tools in fiscal policy that adjust spending and taxes automatically to buffer against economic cycles, reducing the effects of inflation and recession.
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