In Which of the Following Sets Are the Three Words

question 153

Multiple Choice

In which of the following sets are the three words most highly associated

• A){implicit, automatic, unconscious}
• B){implicit, controlled, conscious}
• C){explicit, controlled, unconscious}
• D){explicit, automatic, unconscious}

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Definitions:

Automatic Stabilizer

Economic policies and programs, such as unemployment insurance and progressive taxation, that automatically adjust to counteract economic fluctuations without the need for explicit government intervention.

Unemployment Benefits

Payments made by the government to unemployed individuals, intended to provide a source of income while they seek new employment.

Stabilization Policy

A government strategy aimed at managing economic cycles by adjusting fiscal policy or monetary policy to stabilize the economy.

Aggregate Demand

Aggregate demand is the total demand for all goods and services in an economy at a given overall price level and in a given time period.