Examlex
Follow-up research indicates that
Government Spending
Expenditures made by the government sector including spending on goods and services, public projects, and transfer payments.
Economic Expansion
A phase in the business cycle where the economy grows and increases in activity.
Budget Deficits
Occurs when a government's expenditures surpass its revenues during a given period, leading to borrowing or use of saved funds.
Budget Surpluses
Budget surpluses occur when a government's revenue exceeds its expenditures over a specific period of time.
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