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Define fiscal policy and related policy tools. Explain multiplier effect. Evaluate impacts of fiscal policy. Be able to analyze the US budget deficit and impact
Define fiscal policy and related policy tools. Explain multiplier effect. Evaluate impacts of fiscal policy. Be able to analyze the US budget deficit and impact on the US national debt. To which extent is the national debt controllable? Be able to comment on how budget deficits and/or national debts impact other countries' economies, and managing in a global economy.
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