"Automatic Stabilizers" Played a Part in Reducing the Length and Severity

question 15

Multiple Choice

"Automatic stabilizers" played a part in reducing the length and severity of the recession of 1953-54.  This term refers to

• A) deficit spending by the federal government.
• B) spending on education by local and state governments.
• C) programs like unemployment insurance and Social Security.
• D) actions by the Federal Reserve aimed at reducing interest rates.

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Definitions:

Labour Relations Board

A governmental authority that oversees and resolves disputes involving labor and management practices.

Collective Bargaining

The process by which employers and a group of employees negotiate labor contracts concerning wages, hours, benefits, and other working conditions.

Vicarious Liability

The liability at law of one person for the acts of another.

Negligent Misrepresentation

Negligent misstatements made by a professional to a client.