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In 1406,Florence became a maritime power when it conquered
National Debt
The cumulative amount of money that a government owes to creditors, both domestic and foreign, as a result of borrowing to cover budget deficits.
National Debt
National debt is the total amount of money that a country's government has borrowed, through various means, including foreign governments and domestic investors.
Multiplier
In macroeconomics, a factor that quantifies the effect of increased investment or spending in an economy, typically leading to a proportionally greater increase in income or output.
Multiplier
In economics, the multiplier effect refers to the proportional amount of increase, or decrease, in final income that results from an injection, or withdrawal, of spending.
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