Explain significance of deficit spending and national debt


Problem

Explain the significance of deficit spending, national debt, balanced budget, trust fund, per capita, crowding-out effect, pay-as-you-go provision, line-item veto, spending cap, and entitlement.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Explain significance of deficit spending and national debt
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