Examlex
Which of the following terms means spontaneous learning?
Automatic Stabilizers
Economic policies and programs that automatically adjust to counteract economic fluctuations without the need for government intervention.
Business Cycle
The fluctuations in economic activity that an economy experiences over a period of time, marked by periods of expansion and contraction in GDP.
Fiscal Drag
The negative effect on disposable income and aggregate demand when taxes do not fall in line with inflation, effectively increasing the tax burden.
Classical Economists
Economists who believe in self-regulating markets where competition leads to efficient outcomes without government intervention.
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