Examlex
Which of the following is more typical of a democracy than an autocracy?
Crowding-In Effect
An economic theory suggesting that increased government spending leads to an increase in private sector investment.
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.
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