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Refer to the above diagram where T is tax revenues and G is government expenditures.All figures are in billions of dollars.If the full-employment and actual GDP are each $400 billion, government can balance its budget by:
Moral Liberty
The freedom to act in accordance with one's moral principles and beliefs, often considered a key aspect of individual autonomy and ethical life.
Natural Liberty
A philosophical concept referring to the freedom from artificial constraints and the ability to act according to one's own will and reason in the pursuit of happiness and well-being.
Roger Williams
A Puritan minister, theologian, and founder of the colony of Rhode Island, he is known for his advocacy for religious freedom and separation of church and state in the early 17th century.
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