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Suppose that a mixed open economy is producing at its equilibrium level of income and that net exports are zero.If at the equilibrium income level the public sector's budget shows a surplus:
Free Choice
The ability to choose between different possible courses of action unimpeded by external constraints or coercion.
Soft Determinists
Philosophers or theorists who argue that human behavior and actions are determined by external and internal influences but still maintain that individuals have free will.
High Probability
A statistical measurement indicating a high likelihood or chance that a specific event will occur.
Soft Determinist
Someone who believes in determinism but also holds that human behavior can be free if it corresponds to the individual's desires, even if those desires are determined.
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