Automatic Stabilizers

question 151

Multiple Choice

Automatic stabilizers

• A) are government programs that automatically implement countercyclical monetary policy in response to economic conditions.
• B) must be approved by Congress every time they are to be implemented.
• C) experience recognition lags.
• D) experience implementation lags.
• E) are government programs that automatically implement countercyclical fiscal policy in response to economic conditions.

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Definitions:

Cultural Adaptation

The process by which individuals or groups adjust to new cultural environments, often involving changes in practices, norms, and values.

Improvement

A positive change or enhancement in a situation or condition.

Traditional Market

A marketplace where goods are exchanged in a conventional manner, often characterized by physical stalls, personal interactions, and negotiation.

Cacao

The seed from which chocolate is made and is the product of the cacao tree, native to the Americas. It is also used in making cocoa butter and cocoa powder.