How does a large budget deficit affect use of fiscal policy

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Reference no: EM131945438

Problem

In a minimum of 3-5 sentences answer the following questions.

1. How does a large budget deficit affect the use of fiscal policy?

2. What is the Keynesian view of fiscal policy?

3. In terms of fiscal policy discuss the merits and drawbacks to President Bush's tax cut in the 2002. Why did he hope to accomplish?

Reference no: EM131945438

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