An exhaustive look at the first Congress during George Washington's presidency. Find out about the precedents that were set and the interpretations that had to be made about the new Constitution. A fabulous site from George Washington University.

Principles of Macroeconomics 2e covers the scope and sequence of most introductory economics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition has been thoroughly revised to increase clarity, update data and current event impacts, and incorporate the feedback from many reviewers and adopters. Changes made in Principles of Macroeconomics 2e are described in the preface and the transition guide to help instructors transition to the second edition. The first edition of Principles of Macroeconomics by OpenStax is available in web view here.

By the end of this section, you will be able to:

Explain the U.S. federal budget in terms of annual debt and accumulated debt
Understand how economic growth or decline can influence a budget surplus or budget deficit

WonderWhy takes a look at why you can't simply print money to pay off debt. And what has happened when countries have tried to! And for that matter, why a country having debt isn't necessarily a bad thing. [10:08]