Examlex
Give meanings for the following terms.
-remission: __________
Government Transfer Payments
Payments made by the government to individuals through programs such as Social Security and unemployment insurance, without any services being rendered in return.
Automatic Stabilizer
Economic policies and programs, such as unemployment insurance and taxation, that automatically adjust to counteract economic fluctuations without additional government intervention.
Natural Rate
Often refers to the natural rate of unemployment, indicating the lowest unemployment rate an economy can sustain over the long term without causing inflation.
Unemployment
The situation where individuals who are able and willing to work do not find jobs, expressed as a percentage of the labor force.
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