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What is the standard error of M?
Government Borrowing
The act of the state borrowing money, often by issuing securities like bonds, to fund its expenditures beyond its income.
Automatic Stabilizers
Financial strategies and initiatives, including taxation and unemployment insurance, that inherently adapt to mitigate economic variations without the need for further action by the government.
Aggregate Output
The total value of all goods and services produced in an economy within a given period of time.
Tax Revenue
The government's income from taxes imposed on individuals, businesses, and other legal entities.
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