How does a current budget deficit affect future workers

Reference no: EM13223182

1. How does a current budget deficit affect future workers? How could a policy by the current government to reduce the national debt hurt these future workers?

2. Monetary and fiscal policies are said to have "lags." What are lags and why do they exist? How are the arguments for and against active policy decisions affected by these lags?

Reference no: EM13223182

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