Examlex
Which of the following best describes a covenant?
Automatic Stabilizers
Automatic stabilizers are economic policies and programs, like unemployment insurance and progressive taxation, that automatically adjust to dampen economic fluctuations without additional government action.
Fair Tax
A proposed tax reform that suggests replacing current income and federal taxes with a single national sales tax to simplify the tax system.
GDP Growth
Refers to the increase in the value of all goods and services produced in a country over a specific period of time, indicating economic expansion.
Economic Stimulus
Government policy or monetary measures aimed at increasing economic activity, often through increased public spending or tax cuts.
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