Economists generally agree that high budget deficits today will reduce the growth rate of the economy in the future. Why? Do the reasons for the high budget deficit matter?

In other words, does it matter whether the deficit is caused by lower taxes, increased defense spending, more job-training programs, and so on? In your analysis, what role do fiscal and monetary policies have to lead to higher or lower budget deficits? How do budget deficits affect overall long-term economic growth and the debt that the U.S. has to contend with?

Writing the Final Paper

The Final Paper:Must be 5 to 6 double-spaced pages in length and formatted according to APA style as outlined in your approved style guide. Must have a cover page that includes:- Title of paper- Student's name- Course name and number- Instructor's name- Date submitted Must include an introductory paragraph with a succinct thesis statement. Must address the topic of the paper with critical thought. Must conclude with a restatement of the thesis and a conclusion paragraph. Must use at least four scholarly resources. Must use APA style as outlined in your approved style guide to document all sources. Must include, on the final page, a Reference List that is completed according to APA style as outlined in your approved style guide.