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(Links to an external site.)

http://useconomy.about.com/od/fiscalpolicy/p/deficit.htm(Links to an external site.)