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Federal Budget
The government's estimate of revenue and expenditure for a forthcoming fiscal year.
GDP Gap
The amount of production by which potential GDP exceeds actual GDP.
Aggregate Demand
The total demand for all goods and services in an economy at a given overall price level and within a specific time period.
Great Recession
The Great Recession was a severe global economic downturn that took place from late 2007 through mid-2009, marked by significant declines in asset prices and failures of major financial institutions.
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