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Explain the difference between a deductive argument that is valid and an inductive argument that is strong.Give examples of each.Was your example of a deductive valid argument sound or not? Explain.Was your example of an inductively strong argument cogent or not? Explain.
Trillion Mark
A reference to a period of hyperinflation in Weimar Germany where the mark, the currency at the time, devalued to the point where trillions were needed for basic transactions.
Budget Deficit
The situation where a government's expenditures exceed its revenues over a specified period, leading to borrowing or money printing.
Tax Receipts
The total amount of tax revenue collected by a government from individuals and businesses.
Automatic Stabilizer
Economic policies and programs designed to automatically reduce fluctuations in an economy's output, such as progressive taxation and welfare.
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