How might an increase in the national debt potentially lead

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Problem: During the Pandemic, many restaurant workers were laid off due to restrictions that disallowed indoor dining. Which type of unemployment do you think applied to these workers? Explain your answer thoroughly. Theoretically the series of stimulus plans that took place during the Pandemic might lower long-term national debt than we might experience in the absence of the stimulus plans. Explain the logic of this argument. How might an increase in the national debt potentially lead to an increase in inflation in the long-run? Explain. Briefly outline how expansionary Fiscal Policy was used to combat the Great Depression. Any attempt to reduce the size of the national debt is effectively a contractionary Fiscal Policy. Explain this.

Reference no: EM133614574

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