Deficits are created by governments running a large debt.
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Q8: In 2010 and 2011, President Obama advocated
Q10: In 2010, many politicians argued that the
Q12: At levels of GDP above full employment,
Q14: The structural deficit can be used to
Q14: Because of the recessions in 1983 and
Q15: The federal budget deficit in 2009 was
Q15: Expansionary fiscal policy normally lowers interest rates.
Q16: Although a balanced budget may be appropriate
Q17: In 2010, the net national debt was
Q18: Both Social Security expenditures and the payroll
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