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Julie Bunderson
on Nov 16, 2024

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Proponents of a balanced government budget acknowledge that running a budget deficit is justifiable in time of war.

Budget Deficit

A shortfall of tax revenue from government spending

Balanced Budget

A financial statement or plan where total revenues are equal to or greater than total expenses, resulting in no deficit.

  • Analyze the implications of budget deficits and fiscal policy choices on the economy.
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Lucas MelliNov 18, 2024
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