What is deficit spending?
Budgets and Deficits
No matter how large a company, organization, or government is, they have to have a budget, a plan for how much money they have and how they will spend it. A deficit occurs when the amount of money that they have is less than the amount they need.
Answer and Explanation:
Deficit spending is when an organization purposefully spends more money than their budget allows. This is particularly common among governments, and...
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fromChapter 19 / Lesson 11
Learn about government deficit spending in US history. Understand the causes of deficit spending and how deficit spending works. Identify arguments for and against deficit spending and deficit spending examples.