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Posted: April 10th, 2022

What is the definition of the federal deficit – Microeconomics

1. The U.S. economy is slowly recovering from the 2007-2009 recession and economists are concerned that the economy might take years to fully recover from the “great recession”. If you are the President of the U.S., what actions would you take to help the economy recover more quickly and reduce unemployment?

2. What are three ways the federal government can pay for an increase in government spending? What do you think is the best way to pay and why?

3. What is the definition of the federal deficit? What is the difference between the federal deficit and the federal debt in your own words?

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