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National Debt
The total amount of money that a country's government has borrowed by various means.
Fiscal Policy
Government policies concerning taxation and spending that are aimed at influencing economic conditions, including promoting economic growth, controlling inflation, and reducing unemployment.
Government Deficit
Occurs when a government's expenditures exceed its revenues during a specific period, leading to borrowing or drawing from reserves.
Discretionary Fiscal Policy
Government policies that involve changes in taxation and spending to influence the economy, used to manage economic cycles.
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