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While studies on obedience have demonstrated that some humans have the capacity for evil,they also have shown that resisting obedience and conformity can result in ______________,as shown by the French villagers who sheltered Jews during the Holocaust.
Budget Deficits
Occurs when government expenditures exceed revenues, leading to a shortfall that must be financed through borrowing.
Full Employment
A situation where all available labor resources are being used in the most efficient way possible, typically characterized by very low unemployment rates.
Impact Lag
The delay between the implementation of a policy (such as monetary or fiscal policy) and the observable effects of this policy on the economy.
Fiscal Policy
Government policies regarding taxation and spending that are used to influence economic conditions, including economic growth, inflation, and unemployment.
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