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Great Recession
A severe global economic downturn that began in 2007 and lasted until 2009, marked by significant declines in financial markets and economic activity worldwide.
Fiscal Policy Measures
Government actions involving taxation and spending to influence the economy.
Budget Deficits
A situation where a government's expenditures surpass its revenues within a specific time period, leading to borrowing or debt accumulation.
Discretionary Fiscal Policy
Government strategies involving adjustments in spending levels and tax rates to influence the overall economy, aimed at stabilizing seasonal or cyclical fluctuations.
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