Session:18 The Impacts of Government Borrowing
Key Terms
Principles of Macroeconomics 3e | Leadership Development – Micro-Learning Session
Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/principles-macroeconomics-3e
- Head Start program
- a program for early childhood education directed at families with limited educational and financial resources.
- Ricardian equivalence
- the theory that rational private households might shift their saving to offset government saving or borrowing
- twin deficits
- deficits that occur when a country is running both a trade and a budget deficit