Examlex
Does the brain have built-in categories for sorting and filing information?
Discretionary Fiscal Policy
Government policy that involves altering government spending and taxation to influence the economy, based on current economic conditions.
Automatic Stabilizers
Structural features of government spending and taxation that reduce fluctuations in disposable income, and thus consumption, over the business cycle.
Net Taxes
The total taxes paid to the government after subtracting transfers and government spending directly beneficial to the taxpayer, such as social security or unemployment benefits.
Disposable Income
The finance households possess for setting aside savings and covering expenses, following income tax deductions.
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