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:

Distributive Justice

Concerned that people are treated the same regardless of individual characteristics.

Procedural Justice

The fairness and transparency in the processes that lead to outcomes, emphasizing how decisions are made within organizations or societies.

Distributive Justice

The perceived fairness of how rewards and benefits are distributed among members of a group or society.

Equitable Policy

A policy that aims to ensure fairness and justice within the procedures, processes, and distribution of resources by an organization or government.