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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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