Examlex
The Robinson-Patman Act addressed price discrimination by prohibiting a seller's ability to offer different prices to different customers without a substantive basis.
Automatic Stabilizers
Economic policies and programs designed to offset fluctuations in a nation's economic activity without intervention by the government or policymakers.
Recessions
Times of short-term economic downturn characterized by decreased trade and industrial output, typically marked by a reduction in Gross Domestic Product (GDP) over two consecutive quarters.
Stimulus Bill
Legislation designed to boost economic growth and stimulate the economy during downturns, typically through government spending and tax cuts.
Net Exports
The difference between a country's total value of exports and total value of imports.
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