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Explain the role of equal employment opportunity and the Equal Employment Opportunity Commission.
Budget Deficits
A financial situation where a government's expenditures exceed its revenues, leading to increased borrowing or reduced spending.
Public Debt
The total amount owed by the federal government to the owners of government securities; equal to the sum of past government budget deficits less government budget surpluses.
Regulatory Capture
A situation where regulatory agencies are dominantly influenced by the industries they are charged with regulating, often leading to biased decisions favoring industry.
Government Agency
A permanent or semi-permanent organization in the machinery of government that is responsible for the oversight and administration of specific functions, such as an agency of the federal or state government.
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