Examlex
Which of the following is typically a characteristic of the mechanistic model of organization?
Automatic Stabilizers
Economic policies and programs designed to offset fluctuations in a nation's economic activity without additional government action.
Transfer Payments
Payments made by the government to individuals or groups without receiving any goods or services in return, such as social security or welfare benefits.
Crowd-Out Effect
The phenomenon where increased government spending leads to a reduction in private sector spending and investment, often due to higher interest rates.
Fiscal Policy Measures
entail government actions using taxation and spending policies to influence macroeconomic conditions, including inflation, employment, and economic growth.
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