Examlex
Which of the following best represents psychology's basic goals?
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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