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Which of the following is an example of involuntary turnover?
Chronic Deficits
Persistent shortfalls where expenditures exceed revenues over a long period, often leading to increased public debt.
National Debt
The total amount of money that a country's government has borrowed.
Automatic Stabilizers
Economic policies and programs, such as unemployment insurance and taxation, that automatically adjust to help stabilize an economy during fluctuations.
Federal Budget Deficits
Occurs when a government's total expenditures exceed the revenue that it generates, excluding money from borrowings.
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