Examlex
What is the psychometric approach to intelligence,and how do the Spearman and Cattell & Horn models reflect this approach?
Government Budget Deficit
The financial situation that occurs when a government's expenditures exceed its revenues in a given fiscal year.
Automatic Stabilizer
Economic policies and programs, like unemployment insurance and progressive taxation, designed to automatically adjust to changes in economic conditions to stabilize the economy.
Tax Hikes
Tax hikes involve an increase in the tax rates or the imposition of new taxes by the government, affecting individuals, businesses, and economic activities.
Progressive Personal Income Tax
A tax system where the tax rate increases as the taxable income of the taxpayer increases, imposing higher rates on those with higher incomes.
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