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How did relying on farming as a means of subsistence affect human communities?
Cyclically Balanced Budget
A fiscal strategy where the government aims to balance its budget over the complete economic cycle, accumulating surpluses in boom periods and deficits during recessions.
Budget Deficits
A financial situation where a government's expenditures surpass its revenues.
Budget Surpluses
A situation where a government's revenue exceeds its expenditures over a specific period, indicating financial health.
Annually Balanced Budget
A budget in which revenues and expenditures are equal within a single fiscal year, ensuring no deficit or surplus.
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