Describe the roles of the federal government that determines fiscal policy. Explain fiscal policies' effects on the
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Question:
Describe the roles of the federal government that determines fiscal policy. Explain fiscal policies' effects on the economy's production and employment. Under what economic situation does the federal government implement expansionary fiscal policy and contractionary fiscal policy respectively?
How does the U.S. national debt affect the federal government's fiscal policy? Is the current U.S. national debt a serious problem like a heavy personal debt? Why or why not?
Please include references and bible scripture
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