ECO 372 Week 4 Team Paper

Each team member, other than the Team Leader, should select one of the five topics below. If a team has fewer than 6 members, you may leave off one or more topics so no one has to cover more than one. After selecting your topic and indicating your choice in the Team Discussion Forum, use the textbook and other sources to conduct your research, write your section, and edit your work (approximately 150 words in length). Follow the Team Leader’s guidance regarding how and when to post your portion and when to approve the final version of the paper.

Topics to be addressed in the paper:

1. Identify the tools of fiscal policy and explain how these tools can be used to pursue expansionary policy.
2. What is the purpose of expansionary fiscal policy?
3. Explain the difference between the budget deficit and the national debt. How are both of these affected by expansionary fiscal policy?
4. Describe the current size of the U.S. federal government’s national debt and discuss reasons why the debt has grown so large.
5. Describe specific measures that need to be taken to balance the budget and start to shrink the size of the debt.

Team Leader: After combining the sections written by each team member, format the paper according to APA standards. Include a cover page and add an introduction and conclusion. Add section headings to separate each team member’s contributions. Include properly-formatted citations on the last page. Post the final draft to be approved by each team member. Click the Assignment Files tab to submit your team’s paper.