Hi! I need help delivering this. Question No. 4 is my part and it has to be as descriptive as it can be.

Group Project: Teams of 4 or 5 students are required to collaborate on group projects. The project will be delivered, both as a presentation and written paper in week 8. Teams can choose from one of the three projects listed below or refer to the accompanying text "Taking Sides, Clashing Views on Economic issues" for other project ideas. The grading rubric is provided on BlackBoard. Project #1: Rising national debt of the US has been a major economic concern of many politicians and economists the US in the past few decades. In a seven to nine-page APA 6th edition-formatted document discuss the history of the US national debt from 1980s through the present time and explain the reasons for and/or the historical events that led to a surge in the national debt during this period. Answer the following questions: 1. Discuss the consequences of a large national debt from a theoretical point of view. Explain why we have or have not observed these consequences in the US. Specifically, explain in what way, if any, has the US economic growth, inflation, unemployment, and interest rates been affected by the growing US national debt. 2. Is it possible for US to default on its debt in future? Why do you think that is? 3. What are the basic tenets of the Modern Monetary Theory (MMT)? How does that relate to the US national debt debate? 4. What are the views of the Nobel winning economist Paul Krugman with respect to the increasing US National Debt? IS Paul Krugman a proponent of the MMT