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Myra Martinez was just named Treasure Island, Inc.'s "marketing manager"-with responsibilities for short-run policy planning of the firm's advertising, sales, marketing research, purchasing, and distribution efforts. Apparently, Treasure Island is operating in the ______________ era.
Functional Finance
Functional finance is a theoretical approach to fiscal policy which holds that government budgets should be primarily evaluated on their effects on the economy rather than on principles of borrowing and debt.
Federal Budget
The annual financial statement presenting the government's proposed revenues and spending for a financial year.
Crowding In
An economic situation where increased government spending leads to an increase in private sector investment.
Crowding Out
A phenomenon where increased government spending leads to a reduction in private sector investment due to higher interest rates.
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