Examlex
Some researchers have begun attempting to clean up oil spills by adding nonindigenous microbial hydrocarbon degraders to the spill, in the hope that these bacteria will neutralize the dangerous chemicals in the spill. This is an example of ________.
Automatic Stabilizers
Financial strategies and initiatives that adapt on their own to mitigate economic variances without requiring direct action from the government.
Discretionary Fiscal Measures
Discretionary fiscal measures are deliberate actions by the government to adjust its spending and taxation rates to influence the nation's economy, akin to discretionary fiscal policy with a focus on specific measures.
Budget Deficits
A financial situation where a government's expenditures exceed its revenues over a specified period, leading to borrowing or drawing down reserves.
Functional Finance
An economic theory that prioritizes achieving full employment and stable prices over balancing budgets.
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