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Solve the equation.
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.
Budget Deficit
A financial situation in which expenditures exceed revenue over a specific period, often referring to government spending.
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