Examlex
How is full justification different from ragged right margins? When should full justification be used?
Contractionary Gap
A situation where the aggregate output in an economy is below its potential output, leading to unemployment and underutilized resources.
Government Spending
The total amount of public spending by the government, including expenditures on public services, healthcare, education, and infrastructure.
Transfer Payments
Payments made by the government to individuals or other organizations without receiving any goods or services in return.
Federal Budget Deficit
The financial situation in which the federal government's expenditures exceed its revenues in a given fiscal year, leading to borrowing or debt accumulation.
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