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Types of budget:
Surplus Budget: A surplus budget occurs when the expected government revenue is planned to exceed the proposed government expenditure. It can be achieved by reducing government expenditure or increasing taxation or both. A surplus budget is usually adopted to reduce inflationary pressures because it reduces aggregate effective demand in the economy.Deficit Budget:A deficit budget occurs when the government revenue estimate is less than the proposed government expenditure. The fiscal deficit can be financed by raising loans from both internal and external sources. A deficit budget may be used to stimulate domestic production during economic recession or depression.Balanced Budget: A government budget is balanced when its revenue estimate is equal to the intended expenditure. It is also called a neutral budget because it is usually adopted to keep the level of economic activities stable as in the preceding year.
#question.what is the periodc clasification?.
how to solve min (x+y/2, 2y+3x, 3x)
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Given the cost function as C=0.3Q3 -2Q2 + 13Q + 25, find the supply function.uestion..
choose a topic from microeconomics that matters to you and find a recent news article covering that topic?
in economics what is cobb douglas theory?
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