Examlex
Which term refers to the evolutionary mechanism by which individuals with characteristics best suited to a particular environment survive and reproduce with greater frequency than those without them?
Automatic Stabilizer
Economic policies and programs, like unemployment insurance, that automatically adjust to counteract economic fluctuations without further government action.
Deficit
The amount by which government expenditures exceed revenue over a particular period, leading to borrowing or debt.
Japan
An island nation in East Asia, known for its rich culture, technological advancements, and significant economic power.
Equilibrium GDP
The level of GDP (Gross Domestic Product) at which total demand (aggregate demand) and total supply (aggregate supply) in the economy are equal, leading to an economic equilibrium.
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