Consider the following brief argument:
If the federal government budget deficit increases, there will be decreased long-run economic growth.
Write a brief essay in which you critique this argument by doing the following:
- Identify an implicit assumption that is part of this argument.
- Change that assumption and argue to a new conclusion.
- Suggest what empirical evidence a scholar might gather to test your alternative argument.
Talk about:"If the federal government budget deficit increases, the investment will be decrease. The investment decrease, the capital will goes down. The capital goes down, and the output will also decrease."