Examlex
A balance of ______ and ______ lead to a clear definition of each individual's responsibilities.
Transfer Payments
Payments made by governments to individuals or other governments without receiving any goods or services in return, such as social security or grants.
Aggregate Demand
Aggregate demand represents the total demand for all goods and services within an economy at a given overall price level and in a given time period.
Tax Cuts
Tax cuts refer to reductions in the amount of taxes that individuals or corporations are required to pay.
Fed
Short for the Federal Reserve, it is the central banking system of the United States, responsible for monetary policy.
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