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Share your experience in the simulation. What strategies did you pursue? Were you successful in reducing the debt? * In your opinion, is a high
Share your experience in the simulation. What strategies did you pursue? Were you successful in reducing the debt? * In your opinion, is a high national debt a problem for future economic growth? What is the ideal debt-to-GDP ratio? Research academic sources or refer to the information available through the simulation to support your opinion. Government spending increases national debt and can cause a crowding-out effect. Explain what the crowding- out effect is and why it is considered a negative effect of increased government spending. Use information from the textbook to support your analysis
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