Explain the relationship between budget deficits and

Reference no: EM13451503

What are the expansionary and contractionary fiscal policies? What are their policy instruments? How are they used to deal with the inflationary gap and recessionary gap?

What is the relationship between budget deficits and national (public) debt? Why has the USA national debt been increasing for decades?

Should the tax laws be reformed to encourage saving? Do you think consumption tax is better than income tax?

Reference no: EM13451503

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