Examlex
Which of the four types of decisions occur sporadically, perhaps only once?
Budget Deficit
A budget deficit occurs when a government's expenditures exceed its revenues within a specified period, leading to a need for borrowing to finance the shortfall.
Interest Rates
The cost of borrowing money, expressed as a percentage of the amount borrowed.
Loanable Funds Market
The hypothetical market that illustrates the interaction between borrowers who demand loanable funds and lenders who supply loanable funds, determining the equilibrium real interest rate.
Surplus
Surplus is the situation in which the quantity supplied of a product or service exceeds the quantity demanded, often leading to lower prices.
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