(Answered) 1 consider the following statement ldquobecause deficit

Economics

1. Consider the following statement: “Because deficit reduction is costly to the economy, governments should never run budget deficits.”Do you agree with this statement? Briefly explain.

2. According to Bloomberg.com, “At an Oct. 7 foreign-exchange conference in New York . . . Alan Greenspan called the budget gap ‘scary’ and said the federal government needs to cut spending on entitlements . . . ”Why does former Fed Chairman Alan Greenspan find the budget gap scary?

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