Want this question answered?
Describe the relationship between demand-side economics and the federal budget deficit.
a federal budget deficit
budget deficit.
the govt spends more than they have
there is a recession
Describe the relationship between demand-side economics and the federal budget deficit.
a federal budget deficit
A budget deficit can lead to more borrowing thereby impacting on the national debt
the surplus became a deficit
There is a federal budget deficit.
the surplus became a deficit
budget deficit.
The United States federal government has had a budget deficit since World War 1. Historically, any war that the United States is involved in leaves a big deficit.
$413 Billion
the govt spends more than they have
there is a recession
The federal government purchases exceed net taxes.