Problem
1. What is the full-employment budget? Why is it a better indicator (than the actual budget) of the expansionary or restrictive impact of fiscal policy?
2. Do you think the size of the national debt is a serious economic problem? Why or why not?
3. Has real-world fiscal policy had a stabilizing effect on the U.S. economy? Cite historical data to support your answer. How do political incentives enter the picture?
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.