Automatic Stabilizers Are Government Programs That Tend to

question 131

Multiple Choice

Automatic stabilizers are government programs that tend to

• A)reduce the ups and downs in aggregate demand without legislative action.
• B)bring expenditures and revenues automatically into balance without legislative action.
• C)signal Congress that legislative changes are needed.
• D)increase tax collections automatically during a recession.

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Definitions:

Product Liability Actions

Legal actions taken against manufacturers or sellers for damages caused by defective products.

Defenses

Legal strategies and arguments used by defendants in a lawsuit or criminal case to counteract or negate the claims made by the plaintiff or prosecution.

Bystander Theory

A legal theory suggesting a person or entity may be liable for injuries to a bystander caused by their failure to control or warn about hazards they are responsible for.

Warning Label

A label on a product that indicates potential hazards to consumers and outlines measures to prevent accidents or injuries.