Examlex

Solved

When Is Lobbying More Likely to Be Successful

question 23

Multiple Choice

When is lobbying more likely to be successful?


Definitions:

Multiplier

In economics, a factor by which an initial change in spending is magnified or multiplied in the overall economy.

Automatic Stabilizer

Economic policies and programs, such as unemployment insurance, that automatically adjust to counteract economic fluctuations without the need for explicit government intervention.

Automatic Stabilizers

Economic policies and programs, such as unemployment insurance and taxation, that automatically adjust with economic conditions to stabilize income and spending.

Recession

An interval of momentary economic contraction characterized by decreased commercial and industrial operations, commonly signaled by a reduction in Gross Domestic Product over two back-to-back quarters.

Related Questions