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1. Distinguish between Discretionary Fiscal Policy and Automatic Fiscal Policy and give an example of each. 2. What is the estimated size of the Federal

1. Distinguish between Discretionary Fiscal Policy and Automatic Fiscal Policy and give an example of each. 2. What is the estimated size of the Federal Government's deficit for Fiscal Year 2021? ( Federal government's Fiscal year runs from Oct.1 to Sept. 30 ). Why is it so large? How does the government get the money to spend when running a deficit? What is the current (2021) size of the National Debt? http://www.cbo.gov/publication/45249 or http://useconomy.about.com/od/fiscalpolicy/p/deficit.htm

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