Examlex
__________ exists when producers and ultimate consumers deal one-on-one with each other.
Federal Budget Deficit
The shortfall in the federal government's budget when its expenditures surpass its revenues.
National Debt
The total amount of money that a country’s government has borrowed by issuing securities, usually through selling bonds.
Federal Receipts
Revenues collected by the federal government, primarily through taxes, but also including other sources such as customs duties and earnings from the Federal Reserve's operations.
Recession
A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, typically visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.
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