economics
Play the simulation The Debt Fixer (from the Committee for a Responsible Federal Budget), in which you make fiscal policy decisions in an attempt to reduce the U.S. debt. You can play the simulation as many times as you like.Write a 3 – 4 page paper, double space, 12 point font. Include an image of your simulation report, graph and table. Cite a minimum of 5 sources. The citing style is at your discretion; however, make sure the format is accurate. Include in your paper the following:
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’s considered a negative effect of increased government spending. Use information from the textbook to support your analysis.
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