Examlex
When a person has to make a choice among several goals and each goal has both its good points and its bad points,the person is experiencing a(n) __________ conflict.
Budget Deficit
The situation where a government's expenses exceed its revenues over a specified period of time.
Budget Surplus
A financial situation where a government's income exceeds its expenditures over a given period.
Long-Run Growth
The sustained upward trajectory in the economy's output over time, reflecting long-term increases in productivity and capacity.
Closed Economy
A closed economy is one that does not engage in international trade of goods and services, nor does it allow for capital flows from abroad.
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