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Recession
A significant decline in economic activity across the economy, lasting longer than a few months, characterized by falling GDP, income, employment, manufacturing, and retail sales.
Liberal Economists
Economists who advocate for open markets, free trade, and minimal government intervention in the economy.
Spending Increases
A rise in the amount of money spent by consumers, businesses, or the government on goods and services.
Federal Budget Deficit
is the financial shortfall when the government's expenditures exceed its revenues within a given fiscal year.
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