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Indeterminism implies that while all events have causes,choices and actions are not really events in the world.
Nondiscretionary Fiscal Policy
Government fiscal policies that are automatic stabilizers, such as taxation and welfare spending, which work without specific government intervention.
Automatic Stabilizers
Economic strategies and initiatives aimed at stabilizing a country's economic fluctuations without further action from the government or policy makers.
Built-in Stabilizer
Economic policies or instruments, like progressive taxation and welfare, that automatically reduce the amplitude of economic fluctuations without additional government intervention.
Progressive Income Tax
A tax system in which the tax rate increases as the taxable amount increases, generally applied to income tax to ensure higher earners pay a larger percentage of their income.
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