Asked by
Jepchirchir Lydia
on Dec 17, 2024
Verified
When the U.S. government is in debt during a given year, it follows that its budget is in deficit for that year.
U.S. Government Debt
The total amount of money that the United States federal government owes to creditors, including both public debt and intra-governmental obligations.
Budget Deficit
An economic situation where a government's expenditures exceed its revenue over a specified period of time, leading to borrowing or money printing.
- Examine the impact of government fiscal imbalances, both deficits and surpluses, on the long-term trajectory of economic growth and interest rate levels.
Verified Answer
DD
Learning Objectives
- Examine the impact of government fiscal imbalances, both deficits and surpluses, on the long-term trajectory of economic growth and interest rate levels.