Automatic Stabilizers Are Fiscal Policy Measures That

question 58

Multiple Choice

Automatic stabilizers are fiscal policy measures that

• A) must be determined by the Congress in each budget.
• B) do not require new legislation.
• C) are determined by the Federal Reserve System.
• D) are part of discretionary fiscal policy.

Recognize the psychological impact of personality assessment feedback, including the Barnum effect.

Understand the genetic basis of certain personality traits.

Discuss the reliability and validity of personality assessments.

Explore the dynamics between personality traits and situational behavior.

---

Definitions:

Implied Trusts

An imposed legal arrangement created by a court with the notion that parties acted as though a trust existed, despite not formally establishing one.

Courts

Judicial institutions authorized by the government to adjudicate disputes, interpret laws, and administer justice in legal cases.

Totten Trust

A form of revocable trust created by depositing funds in a bank account in the depositor's name as trustee for another, transferring the funds to the beneficiary upon the depositor's death.

Irrevocable

Refers to something that cannot be altered, canceled, or taken back once it has been established or issued.