Problem
Some people argue that the growth of output and employment in the 1980s was the result of the large budget deficits. As one politician put it, "Anyone could create prosperity if he wrote $200 billion of hot checks every year." Evaluate this statement. If stimulating aggregate demand created the prosperity, what would you expect to happen to the rate of inflation? Did this happen during the 1980s?
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.