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Discretionary Fiscal Policy
Government policy involving deliberate manipulation of government spending and taxes to influence the economy based on current economic conditions.
Aggregate Demand
Aggregate demand is the total demand for all goods and services within an economy at a given overall price level and in a given time period.
Multiplier Effect
The phenomenon where an initial change in spending leads to a greater overall change in income and output in the economy.
Business Activity
Collective commercial, industrial, or professional operations within an economy, indicative of its overall economic health.
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