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Deficit Spending

Write an essay analyzing the advantages and disadvantages of deficit spending and the effects of federal government borrowing on the economy i.e., the crowding out effect.

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Your paper should be structured as follows

1.                Cover page with a running head
2.                Introduction: What is deficit spending and how does it work.
2.1.        Advantages
2.2.        Disadvantages
3.                Crowding-out Effect
4.                Conclusions: Do you believe that deficit spending helps or hinders short-term and long-term economic growth?
5.                References

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