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Economics

1. What is fiscal policy?

2. What is the biggest expenditure of the U.S. government? ( the last I checked it was SS) In your opinion is it easy to reduce it (the biggest U.S. government expenditure) so the U.S. has a balanced budget?

3. Should we worry or lose sleep over our $16 trillion public debt? If there are legitimate concerns related to our increasing public debt, what are they and why should they be of concern?

4. If an economy, say the U.S., is experiencing a recession (a) what is the economy's most pressing problem, (b) what type of discretionary fiscal policy can the government do, and (c) what are specific policy tools can the government use. Be sure to explain/trace how this is expected to affect potential GDP.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9450238

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