Examlex
In the United States, the parasite that causes malaria is not present, but African-Americans whose ancestors were from equatorial Africa are present. What should be happening to the sickle-cell allele in the United States, and what should be happening to it in equatorial Africa?
Discretionary Fiscal Policy
Government policy actions, through spending or taxation, aimed at influencing economic conditions based on current economic assessments.
Budget Deficit
The financial situation where an entity's expenses exceed its revenues within a given timeframe.
Annually Balanced Budget
Budget philosophy prior to the Great Depression; aimed at matching annual revenues with outlays, except during times of war.
Business Cycle
The periodic fluctuations in economic activity characterized by phases of expansion and contraction.
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