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One of the criticisms levelled at a science-based approach to clinical psychology is that
Government Borrowing
The process by which governments finance their expenditures by borrowing money, typically through issuing bonds.
Crowding-Out Effect
A situation where increased government spending leads to reduced investment by the private sector due to higher interest rates or other mechanisms.
Multiplier
The multiplier, in macroeconomics, quantifies how initial changes in spending lead to larger changes in income and output through various rounds of spending.
Discretionary Fiscal Policy
Government policies involving changes in taxation and spending levels, aimed at influencing economic conditions, including managing inflation, unemployment, and fostering economic growth.
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