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Simplify the following equation
Automatic Stabilizer
Economic policies and programs, such as unemployment insurance and progressive taxes, that automatically help stabilize an economy by reducing the severity of economic fluctuations without additional government intervention.
Disposable Income
The residual financial power of households for savings and consumption post the subtraction of income taxes.
Inflationary Pressure
Situations where upward trends in prices are predicted due to factors such as increased production costs or rising demand.
Classical Economists
Refers to economists from the 18th and early 19th centuries who focused on economic growth, free markets, and the importance of limited government intervention.
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