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Explain the differences between a broker market and a dealer market.
Federal Budget Deficit
The financial situation in which the federal government's expenditures exceed its revenues, leading to borrowing and debt accumulation.
Multiplier
An economic factor that quantifies the effect of investment, government spending, or other economic activities on the overall economy, often leading to a magnified impact.
Marginal Propensity To Save
The fraction of an increase in income that is saved rather than spent on consumption.
Recessionary Periods
Times characterized by a significant decline in economic activity across the economy, lasting more than a few months, typically visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.
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