Examlex
Numerical indices derived from population data are ___;numerical indices derived from sample data are ____.
Automatic Stabilizers
Economic policies and programs, such as unemployment benefits and progressive taxation, that automatically help stabilize an economy by increasing spending in a downturn and reducing spending in an upswing without additional government action.
Private Spending
Private Spending is the total expenditures by individuals and businesses in an economy, excluding government spending and investment.
Transfer Payments
Payments made by the government to individuals or organizations without requiring any goods or services in return, such as welfare checks or social security.
Business Cycle
The fluctuations in economic activity that an economy experiences over a period, typically characterized by expansion (growth) and contraction (recession) phases.
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