Examlex
Please define the following key terms. Show Who? What? Where? When? Why Important?
-Treaty of Brest-Litovsk
Supply-siders
Supply-siders are economists or policymakers who believe that reducing tax rates and regulatory barriers to production and investment can stimulate supply, leading to economic growth.
Aggregate Supply
The total supply of goods and services that firms in an economy are willing and able to produce at different price levels during a specific time period.
Automatic Stabilizers
Changes in fiscal policy that stimulate aggregate demand when the economy goes into a recession without policymakers having to take any deliberate action
Budget Deficit
A situation where a government's expenditures exceed its revenues over a specific period of time.
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