Examlex
What is a backward integration?
Automatic Stabilizers
Economic mechanisms, such as progressive taxation and welfare spending, that automatically adjust to mitigate economic fluctuations without the need for explicit government action.
Transfer Payments
Payments made by governments to individuals or other government entities without receiving any goods or services in return, such as welfare benefits or subsidies.
Uncontrollable Budget Items
Government expenditures that are considered mandatory and not subject to annual review or adjustment by Congress, such as interest payments on national debt.
Congressional Committee Framework
The organizational system of committees within the United States Congress, designed to facilitate detailed examination and discussion of legislative proposals.
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