Examlex
Article I,Section 8 of the constitution articulates the principle of _________,granting Congress limited powers.
Balanced Budget
A Balanced Budget occurs when total revenues equal total expenses within a specific period, indicating financial stability without surplus or deficit.
Automatic Stabilizers
Economic policies and programs, such as unemployment insurance and progressive taxes, designed to automatically adjust in response to economic conditions and stabilize the economy.
Business Cycle
The economic fluctuations experienced over time, characterized by periods of expansion (growth) and contraction (recession) in economic activity.
Legislative Action
The process by which a legislative body takes official steps to introduce, amend, pass, or reject laws and regulations.
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