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In 2-3 paragraphs, respond to the following. Your initial post should be substantive and be supported by course concepts. Your initial post is due by Wednesday to allow other students to respond.
Should the United States government be required to have a balanced budget? What are the long-term implications of continued government indebtedness?
Lastly, you must also reply to at least two (2) of your classmates’ posts and provide them with worthwhile responses.
Licenses and Attributions: Title: Fiscal Policy and Crowding Out Author: Marginal Revolution University Source: https://www.youtube.com/watch?v=HRYaXktH_O4&list=PL-uRhZ_p-BM52EbMG1NR1ZfG9tEvcxE4u&index=77 License: Standard YouTube License
Use the following links to access chapter content.
Introduction to Government Budgets and Fiscal Policy
17.1. Government Spending
17.3. Federal Deficits and the National Debt
17.4. Using Fiscal Policy to Fight Recession, Unemployment, and Inflation
17.5. Automatic Stabilizers
17.6. Practical Problems with Discretionary Fiscal Policy
17.7. The Question of a Balanced Budget
17.8. Key Terms