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1. Distinguish between Discretionary Fiscal Policy and Automatic Fiscal Policy and give an example of each.

2. What is the current size of the deficit of the Federal Government? How does the government get the money to spend when running a deficit? What is the current size of the National Debt?

http://www.cbo.gov/publication/45249 or (Links to an external site.)Links to an external site.

http://useconomy.about.com/od/fiscalpolicy/p/deficit.htm (Links to an external site.)Links to an external site.

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