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Social role theory suggests that
Federal Budget Deficit
The scenario in which the spending of the federal government surpasses its income within a specific fiscal year.
Discretionary Fiscal Policy
Economic policies based on government spending and taxation that are employed to manage economic fluctuations and steer the economy.
Automatic Stabilizers
Economic policies and programs designed to offset fluctuations in a nation's economic activity without direct intervention by policymakers.
Expansionary Fiscal Policy
Government policy aimed at increasing economic activity through higher spending or lower taxes.
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