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Three transactions that would be recorded in the sales journal are: (1) recording sales taxes (2) recording sales returns and allowances and (3) recording purchases discounts.
Economic Policies
Government measures applied to control the economy of a country, including fiscal policy, monetary policy, and trade policy.
National Debt
The total amount of money that a country's government has borrowed, by various means.
Budget Deficit
The financial shortfall when a government's expenditures exceed its revenues within a given fiscal period, leading to borrowing or debt accumulation.
Economic Crises
Periods of significant decline in economic activity spread across the economy, lasting more than a few months, and are normally visible in real GDP, real income, employment, industrial production.
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