Any topic (writer's choice)
Instructions
Throughout this course, you have learned about economic models and principles and how they apply to the macroeconomic issues a country faces. Take this time to share what you have learned.In your initial post, choose one of the six debates of macroeconomic policy discussed in the textbook. Explain why this macroeconomic issue is relevant to you. Support your choice with economic concepts you have learned during the course.
Answer
The fifth microeconomic issue got my attention. The issue of balanced government budget and its impacts on the economic situation of the future generations has been a key talk point in the current economic sphere. Some have argued how excessive spending resulting to budget deficits translates to unjustifiable burden on generations to come. If a country exerts pressure on the budget, it stands to create a large deficit which may take years to recover from. Currently most developing economies are suffering from external debt. Most developing nations acquire loans from developed economies such as China and Japan. The current generation who are the largest beneficiaries of the financial borrowing for boosting economic activities such as infrastructure, may not be able to repay the loans (Iqbal...
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