The project consists of performing application-oriented exercises wherein the general economic principals learned in the course are put to practical use. You are being asked to write a two-page written summary that responds to a topic of your choosing. The summary should be double spaced and 12-point font. Topic: The U.S. Federal Budget Deficit The government’s budget deficit has grown much larger in the last two years and is expected to grow much larger. Explain why this occurred and how the deficit can affect the economy. Do you believe that it is a major concern? Provide your own theory and recommendations and describe the impact to GDP, fiscal and monetary policy. Be sure to use appropriate material from the textbook and recent current events to support your conclusions.
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