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Falling Output
Falling output describes a situation where an economy or a particular sector is producing less goods or services over time.
Budget Deficit
A financial situation where government expenditures exceed its revenues.
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.
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