View the step-by-step solution to:

Read the AP article "Dems, GOP talk up deficit reduction, but don't act" by C. Babington (Apr25'13). What are the two basic ways of shrinking a

Read the AP article "Dems, GOP talk up deficit reduction, but don't act" by C. Babington (Apr25'13).


  1. What are the two basic ways of shrinking a budget deficit?
  2. Which of your answers above are Republicans vehemently against? What are the potential negative economic effects of implementing this basic policy?
  3. Which of your answers above are Democrats strongly opposed to? What are the potential negative economic effects of implementing this basic policy?

Top Answer

1.  Two basic ways of shrinking a budget deficit are:  a. Increment taxes to generate more revenues  b. Diminish spending... View the full answer

Sign up to view the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

-

Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question
Ask a homework question - tutors are online