Examlex
_____ is usually defined as two or more quarters of economic decline.
Spending Legislation
Legislation that dictates how government funds are to be spent, often detailing specific allocations for public sector initiatives and programs.
Negative Externalities
Economic activities that impose a negative effect on an unrelated third party, such as pollution from a factory affecting nearby residents.
Public Choice Economist
An economist who applies economic theories and methodologies to analyze and understand political behavior and decisions, particularly in the context of public policy and government actions.
Rent-Seeking Behavior
Actions by individuals or firms to obtain economic gains through manipulation or exploitation of the political or social environment, rather than through productive economic activity.
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