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If the graph shown is displaying a competitive labor market:
Expenditures
The act of spending funds or resources, typically referring to the outflow of money by a government, organization, or individual for various purposes.
Tax Cuts
Reductions in the amount of taxes imposed by a government on individuals or entities.
Economic Growth
An increase in the production of goods and services in an economy over a period of time, usually measured by the rise in GDP.
Federal Budget Deficit
A situation where the federal government's expenditures exceed its revenues within a given fiscal year.
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