Built-In Stabilizers

question 69

Multiple Choice

Built-in stabilizers

• A)are insufficient to prevent the business cycle,but tend to lessen fluctuations in real GDP.
• B)were introduced under President Nixon.
• C)are found primarily in discretionary fiscal policy.
• D)tend to lessen fluctuations in GDP through their effect on the money supply.
• E)were endorsed by Adam Smith.

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Definitions:

Cerebral Cortex

The outer layer of the brain's cerebrum, involved in complex brain functions like thought, memory, and consciousness.

Color Vision

Color vision is the ability of the eye and brain to distinguish objects based on the wavelengths of the light they reflect, transmit, or emit, allowing us to perceive different colors.

Vision Deficiency

A broad term covering any type of impairment in vision that cannot be corrected completely with glasses, contact lenses, or surgery.

Rods

Photoreceptor cells found in the retina of the eye that are responsible for vision at low light levels.