Explain the main goals for the plan and how you would recommend changing the specifics of the program to make it more successful if the US finds itself in need to intervening in the automobile market in the future to save that industry from significant shrinkage.

As always, make sure you use economic concepts in your answer. Opinions that are not backed up with economic analysis are not adequate as an answer for this, or any of the written assignments. 2. WA #6 What was the federal budget deficit in 2016 and what are the current projections for the deficit in 2018? What is the level of the current federal debt? Describe as thoroughly as possible the economic costs of such large deficits and the long run costs of large government debt. What policy changes would you recommend to reduce the budget deficit for fiscal years 2018 and 2019? Explain your recommendations using economic concepts.

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