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What Are the Effects of Fiscal Policy During Normal Times

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What are the effects of fiscal policy during normal times? What are the effects of fiscal policy during abnormal times?


Definitions:

Application Program

An application program is software designed to perform a group of coordinated functions, tasks, or activities for the benefit of the user.

Central Processing Unit

The primary component of a computer that performs most of the processing inside a computer.

Main Memory

The principal storage in a computer in which data and programs are temporarily stored for quick access by the processor.

Secondary Storage

A non-volatile storage medium used for keeping data permanently, as opposed to the volatile primary storage or main memory.

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