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Fiscal Policy
Government policies regarding taxation and spending to influence the economy.
Monetary Policy
Monetary policy refers to the process by which the central bank of a country manages the money supply and interest rates to influence economic activity and maintain economic stability.
Discretionary
Pertaining to funds or spending that is subject to decision or choice by a party or authority.
Balanced Budget Amendment
A proposed federal constitutional rule requiring that the government not spend more than its income in a fiscal year.
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