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Tomas really likes chocolate. Every time he eats a piece of chocolate, he gets a warm and fuzzy feeling. Lately, he has noticed that he gets that feeling whenever he enters the candy store to buy some chocolate. Now he really likes the candy store. For Tomas, the chocolate is a(n)
Budget Deficit
A financial situation where government expenditures exceed its revenues.
Functional Finance
An economic theory asserting that government should finance its spending to meet explicit economic objectives, such as full employment, rather than aiming to balance budgets.
Budget Deficit
The financial situation where a government's expenditures exceed its revenues, leading to a shortfall that must be financed through borrowing.
Balanced Budget
A financial plan or budget where revenues are equal to expenditures, leaving no deficit or surplus.
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