Examlex
The robust quality model
Federal Budget Deficit
The financial situation where the government's expenditures exceed its revenues in a given fiscal year, leading to borrowing.
Fiscal Year
Budget year. U.S. federal budget fiscal year begins on October 1.
Automatic Stabilizers
Economic policies and programs, like unemployment benefits and progressive taxation, that automatically help stabilize economic fluctuations without direct governmental intervention.
Economic Recovery
A period of increasing business activity signaling the end of a recession, marked by a rise in GDP, employment, and consumer spending.
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