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While engaged in a battle during the war in the Persian Gulf, crewmen operating the radar systems on the Vincennes mistakenly interpreted a commercial airliner as a threatening military aircraft and shot it down, tragically killing all the passengers aboard. This incident was discussed as an example of
Tax Revenues
Governments' income derived from tax levies.
Campaign Pledge
A promise or commitment made by a political candidate or party to the electorate as part of their platform during an election campaign.
Balanced Budget Amendment
A proposed federal constitutional rule requiring that the government not spend more than its income in a fiscal year, aimed at ensuring fiscal responsibility.
Equilibrium GDP
Equilibrium GDP, or Gross Domestic Product, is the level of output where aggregate demand equals aggregate supply, resulting in no unintended changes in inventories.
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