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What are the macroeconomic consequences of a budget deficit when the economy is operating at full employment? Be sure to discuss the effects in the short-run and in the long-run.
Social Exchange Theory
A sociological and psychological theory that studies the social behavior in the interaction of two parties that implement a cost-benefit analysis to determine risks and benefits.
Equity
The concept of fairness or justice in the way people are treated, often related to social, economic, and legal contexts.
Romantic Love
A deep emotional, sexual, and romantic attraction that is associated with a range of physiological and psychological responses.
Mere Exposure Effect
A behavioral pattern where familiarity with objects or concepts leads to a preference for them.
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