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Which punishment would an advocate of the Classical School suggest for someone convicted of armed assault for the third time?
National Debt
The sum of funds a nation's government has accumulated in debt, often due to spending more than its budget allows.
GDP
Gross Domestic Product represents the overall market value of all end products and services made inside a nation over a certain timeframe.
Economic Stimulus Package
A package of economic measures put together by a government to stimulate a floundering or stagnant economy and help it recover.
Impact Lag
The time taken between the implementation of an economic policy and the occurrence of its intended effects on the economy.
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