Examlex
Which of the following statements is true?
Federal Budget Deficit
The shortfall when the federal government's expenditures exceed its revenues in a fiscal year.
Fiscal Year
A fiscal year is a one-year period that companies and governments use for financial reporting and budgeting, which doesn't necessarily align with the calendar year.
Automatic Stabilizers
Economic policies and programs that automatically adjust to counteract economic fluctuations without the need for explicit government action.
Recessionary Pressures
Economic factors or conditions indicating an impending or current period of economic downturn.
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