Question: 1. What is the current state of the U.S. government budget?
2. How do fiscal policy decisions made by the government impact the budget balance?
3. How do fiscal policy decisions made by the government impact the Aggregate Demand-Aggregate Supply Model?
4. What are the two (or more) political views on the budget deficit/debt?
5. Describe some of the recent political/economic battles over the government budget currently and in recent years (e.g. fiscal cliff, sequestration, debt ceiling, government shutdown) that help you highlight the different viewpoints on the budget situation.