Principles of Macroeconomics

 The Federal Government’s Fiscal Policy and the National Debt [WLOs: 3, 4] [CLOs: 6, 7]

Describe the roles of government bodies that determine fiscal policy. Explain fiscal policies’ effects on the economy’s production and employment. How does the enormous U.S. national debt affect the federal government’s fiscal policy? Is the current U.S. national debt a serious problem like a heavy personal debt? Why or why not? Discuss thoroughly.