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Who were the muckrakers, and what impact did they have on American society?
Automatic Stabilizers
Programs and policies in economics formulated to counter changes in a nation's economic status, without the need for more intervention from governmental bodies or policymakers.
Business Cycle
A recurring sequence of economic expansion and contraction phases experienced by a country's economy.
Public Debt
The total amount of money owed by the government to creditors, which can include domestic or foreign individuals, corporations, or other governments.
National Debt
The total amount of money that a country's government has borrowed, typically as a result of budget deficits.
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