America's national debt stands at $17 trillion. That's a tough number to grasp. Most people will never
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America's national debt stands at $17 trillion. That's a tough number to grasp. Most people will never come close to making $1 million in any given year. How can we understand the magnitude of the hole our country is in? Well, imagine you owed your credit card company $200,000.
Answer the following questions:
- How much is the current debt? What is the impact of total government spending during the pandemic on current debt? Is government spending on the pandemic fiscal or monetary policy?
- Give 2 reasons why you think government spending for the pandemic is fiscal or monetary policy.
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