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In a fjord with a shallow entrance sill, the outgoing flow (To) is approximately equal to
Fiscal Policy
The use of government spending and taxation to influence the economy.
Tax Increases
The act of raising governmental levies on income, property, sales, or transactions, leading to a higher financial burden on the taxed entities.
Severe Recession
A period of significant decline in economic activity across the economy that lasts for an extended period of time.
Aggregate Demand
The total demand for all goods and services in an economy at a given overall price level and in a given time period.
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