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While perception is a part of the organizing framework for understanding and applying OB,it is a relatively unimportant process.
Aggregate Spending
The total spending in an economy, including consumption, investment, government expenditures, and net exports.
Discretionary Fiscal Policy
The deliberate manipulation of government purchases, taxation, and transfer payments to promote macroeconomic goals, such as full employment, price stability, and economic growth
Taxation
The practice by which a government imposes financial charges on its citizens or residents to fund public spending and various public expenditures.
Government Spending
The total of all government expenses, including salaries, defense, education, and public services.
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