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Economy Help and explain homework thank you. :*.m 7 Explain the difference between a budget decit. a budget surplus, and public debt. How is the

Economy Help and explain homework thank you.

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:\"*.m 7\" Explain the difference between a budget decit. a budget surplus, and public debt. How is the US government able to borrow money? What fiscal policy solution would you suggest when an economy is in a recession? Show the impact of this suggested policy with a graph. What is the impact on GDP? What is the impact on ination? What are the criticisms of using scal policy? What does price stickyness mean and what are some reasons why prices are sometimes sticky? Explain how the assumptions ofthe aggregate supply model are different in the long run vs the short run. What is protectionism? Why do countries sometimes use protectionist policies? What are some examples of protectionist policies? How do most economists view the benefits and costs of having free international trade? Consider the table below showing a production schedule for two countries. France: Germany: Which nation has the comparative advantage in cars? Which nation has the comparative advantage in cheese? Which nation has the absolute advantage in cars? Which nation has the absolute advantage in cheese

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