During the Great Recession, the U.S. government increased spending in an attempt to buoy the economy. Since, at the time, economic growth was stagnantand even declining in some quartersthere was not enough government revenue generated to keep pace with spending. Consequently, the government engaged in "deficit spending."What are fiscal deficits?What are the consequences of deficits?

Please give 2 references

Answer rating: 100% (QA)

Fiscal deficits refer to a situation where a governments total expenditures exceed its total revenue... View the full answer