Many Government Programs, Such as Unemployment Compensation, Operate on a Deficit

question 177

Multiple Choice

Many government programs, such as unemployment compensation, operate on a deficit during recessions and a surplus during periods of economic expansion. The programs are referred to as

• A) discretionary fiscal policy.
• B) automatic stabilizers.
• C) Ricardian equivalence.
• D) Recognition time lag.

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Definitions:

Infants

Young children typically aged from birth to one year, characterized by rapid growth and development in physical, cognitive, and emotional aspects.

Electroencephalograph (EEG)

A device used to record the electrical activity of the brain, typically used for diagnostic purposes.

Electromyograph (EMG)

A diagnostic tool used to measure the electrical activity produced by skeletal muscles.

Electrocardiograph (EKG)

A medical test that measures the electrical activity of the heart to identify various heart conditions.