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:

Social-cultural

A perspective in psychology that examines how cultural and social contexts influence individual behavior and thinking.

Cognitive Labeling

The process of identifying and naming emotions or feelings, which can influence how one experiences and reacts to situations.

Distress

Extreme anxiety, pain, or sorrow, often resulting from experiencing or anticipating stressors or adversities.

Empathy

The ability to understand and share the feelings of another, fostering emotional connection and social bonding.