Question: #1604

ECO372 Week 4 Discussion Question 1

How does a government budget deficit affect the economy? Identify two periods in recent history in which the United States has run budget deficits. What were the reasons for the deficits during those time periods?

Solution: #1589

ECO372 Week 4 Discussion Question 1

When the government spends more than it takes in, it creates a deficit. The 2010 deficit for 2010 was $1.57 trillion. If the government do...
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