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Automatic Stabilizers
Economic policies and programs designed to offset fluctuations in a nation's economic activity without additional government action, such as progressive tax systems and welfare.
Inflation
An overall uptick in price levels and a decline in the value of money.
Liberal Economist
An economist advocating for policies promoting free market principles, minimal government intervention, and individual liberties in economic matters.
Government Spending Cuts
Government Spending Cuts involve the reduction of public sector expenditure in an attempt to balance budgets and reduce deficits.
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