Federal Budet and Federal Debt
Why does the budget require a .com/economics/estimation-and-forecasting">forecast to the economy? Under what circumstances would actual government spending and tax revenue fail to match the budget as approved?
what has happened to the federal debt since 2008 as measured relative to GDP?
In the current chapter, it shows that increased government purchases with .com/economics/taxation">taxes held constant, can eliminate a recessionary gap. How could a tax cut achieve the same result?