Examlex
Key Terms Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
Neolithic Revolution
Annually Balanced Budget
A fiscal policy approach where government revenues and expenditures are equal within a one-year period.
Recession
An economic downturn characterized by a decrease in GDP, employment, and trade activities, typically lasting for a period.
Expenditures
Expenditures refer to the act of spending money or incurring expenses, particularly by governments, businesses, or individuals.
Automatic Stabilizers
Strategies and initiatives aimed at stabilizing a country's economic fluctuations without further action from the government.
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