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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Unit 2 Lessons Learned

Unit 2 Lessons Learned

Q Introduction Students are expected to reflect on what they have learned about public budgeting and finance from their textbook each unit, including “take-aways” that will be useful in their future careers. Directions Students are expected to reflect on at least TWO lessons that they have learned from their readings in the textbook (Lee, Johnson, and Joyce) this unit and write 1-2 short paragraphs for each lesson learned. Comments should focus on the implications for public budgeting and finance based upon topics they have found especially relevant. 1) Add Title page and Reference page 2) Double-spaced, Times New Roman 12 font 3) Make sure to add citations and references formatted according to APA style. 4) DO NOT use direct quotes. Instead paraphrase and properly cite summarized information Due Dates: 11:59 p.m. Sunday CT.

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Unit two primarily focused on the monetary and fiscal policies, how they are implemented in the U.S. economy, and their implication. Since the start, the U.S. economy is suffering from a budget deficit because their fiscal policy has proved not worthy enough to decrease the budget deficit. However, the unit focused on highlighting the importance of these policies in light of the country's current economic situation (Lee, Johnson and Joyce, 2013). Furthermore, the unit explained why the country is suffering from a huge budget deficit; for example, the unit highlighted the trade deficit as the primary reason for the U.S.'s budget deficit (Rausch and Reilly, 2012).