Identify and State the Historical Significance of the Following

question 72

Short Answer

Identify and state the historical significance of the following:
-Meat Inspection Act

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Definitions:

National Debt

describes the total amount of money that a country's government has borrowed and not yet repaid.

Fiscal Policy

Government policy regarding taxation and spending to influence the economy.

John Maynard Keynes

A British economist whose theories on the causes of prolonged unemployment and the importance of governmental fiscal and monetary policies founded Keynesian economics.

Federal Budget Deficit

The shortfall that occurs when the U.S. government's expenditures exceed its revenues within a fiscal year.