A-level Paper 2, November 2021The National and Global Economy
A-level Paper 2, November 2021, Q1(c)
Explain the impact of annual fiscal deficits on the US national debt.
Short answerExplain2 marks
Context
After the Global Financial Crisis of 2008, the US President introduced expansionary fiscal policies of $800 billion. The International Monetary Fund estimated that the multiplier at the time was approximately 1.5.
Learn this question
Open a video explanation without leaving the question.