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What Is Meant by Saying That Automatic Fiscal Policy Is

question 11

Essay

What is meant by saying that automatic fiscal policy is countercyclical?


Definitions:

Voidable

A legal term describing a transaction or agreement that may be annulled or voided at the discretion of one party.

Good Faith Purchaser

A purchaser who buys without notice of any circumstance that would put a person of ordinary prudence on inquiry as to whether the seller has valid title to the goods being sold.

Title

Legal documentation that provides evidence of a person's ownership rights over property or assets.

Void

Describes a contract or legal agreement that has no legal force or effect, making it unenforceable.

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