Automatic Stabilizers Include Those Elements of Government Spending That Automatically

question 313

True/False

Automatic stabilizers include those elements of government spending that automatically grow during a recession.

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Definitions:

Render Invalid

To make something null and void or to deprive it of legal force.

Construed

Interpreted or understood in a particular way, often referring to the way words or actions are perceived or legally interpreted.

Warranties

Promises made by a seller regarding the condition, functionality, or other aspects of a product or service.

Implied Warranty

A legal assumption that goods are fit for the purpose for which they were sold, even if not explicitly stated.