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Government Spending
The total amount of public expenditure by government entities on goods, services, and public projects.
Automatic Stabilizers
Economic policies and programs designed to offset fluctuations in a nation's economic activity without intervention by the government or policymakers, such as unemployment insurance and progressive taxation.
National Income
The total value of all goods and services produced by a country over a specific time period, adjusted for net income from foreign investments.
Federal Budget Deficit
The shortfall when a government's expenditures exceed its revenues within a specified fiscal period.
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