Shortfall in the balance of trade, balance of payments, or government budgets.
Deficit
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Related Terms
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Modern Monetary Theory (MMT) is an economic framework that challenges conventional views on government spending, deficits, and monetary policy.
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The Balance of Trade is an economic indicator that measures the difference in value between a country’s exports and imports over a specified period.
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Trade Balance measures the difference in value between the value of a nation’s exports and imports.
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Bond vigilantes act as a market-driven check on reckless fiscal policies, making it harder for governments to ignore economic fundamentals.
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A trade war occurs when nations engage in mutual imposition of trade barriers—such as tariffs, quotas, or embargoes—to restrict each other’s imports