Chapter Thirteen: Module Intro -- Budget Deficits and the National Debt

Budget deficits and the national debt have probably been the most talked about macroeconomic issues since the mid-1980s. The U.S. national debt has risen by a factor of five in that time period. Yet discussions about the deficit and debt are often confused and misinformed. This module focuses on these issues and distinguishes between myth and reality.

We recommend that you read the lecture notes first, then take the on-line quiz to test your understanding of the material. Finally, review the module summary to reinforce the main concepts.

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