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Technologies will soon solve all communication problems.
Automatic Stabilizers
Economic policies and programs, such as unemployment insurance and progressive taxes, designed to automatically adjust in response to economic conditions and stabilize the economy.
Business Cycle
The economic fluctuations experienced over time, characterized by periods of expansion (growth) and contraction (recession) in economic activity.
Legislative Action
The process by which a legislative body takes official steps to introduce, amend, pass, or reject laws and regulations.
Crowding-Out Effect
The phenomenon where increased government spending leads to a reduction in private sector spending, often due to higher interest rates.
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