Overview of the Current Economic Situation
Question 1
Although it is extremely hard to say, which type of budget deficit is more serious -structural or cyclical, I would undoubtedly opt for structural for the reasons scrutinized below.
My first and foremost reason for supporting such an assertion lies in the fact that structural budget deficit is an art... read more
2 pages
600 words
How and why the U.S.’s deficit, surplus and debt have an effect on unemployed individuals?
Large debt and deficits cause uncertainty in the markets, which lead to lay-offs, increasing unemployment. The story of American deficit started in January 2001. It was the time when President Bill Clinton was leaving office. Since that time ... read more
2 pages
600 words
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