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Internal control is a process designed to provide absolute assurance regarding achieving objectives in which of the following?
Recession
A phase of short-term economic downturn marked by diminished trade and manufacturing activities, usually recognized by a decrease in GDP for two consecutive quarters.
Automatic Stabilizers
Economic measures and initiatives, like taxation and unemployment insurance, that naturally adapt to mitigate the effects of economic changes without direct action from the government.
Discretionary Fiscal Policy
Changes in government spending and taxes to promote full employment, price stability, and economic growth.
Fiscal Policy
Governmental use of spending and taxation to influence the economy.
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