Explain how the current status of the federal budget

Reference no: EM133724862

Case: The annual association meeting of the Fast Food Industry will take place soon. You have been asked to present a report regarding the current status of the federal budget and fiscal policies in place in the United States. For your presentation, write a report (in essay form) in which you consider and explain how the current status of the federal budget and fiscal policy will impact the Fast Food Industry over the next 2 years, using economic theory to support the conclusions you draw.

Do not write your report based just on textbook theory-address current policy and how it will impact your industry, based on theory.

Address the following in your report as appropriate:

1. expansionary and contractionary

2. fiscal policy, fiscal policies used to close a recessionary gap and an expansionary gap

3. the rationale for budget deficits.

Reference no: EM133724862

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