Write an essay analyzing the advantages and disadvantages of deficit spending and the effects of federal government borrowing on the economy i.e., the “crowding out” effect.

Write an essay analyzing the advantages and disadvantages of deficit spending and the effects of federal government borrowing on the economy i.e., the “crowding out” effect. Complete this essay in a Microsoft Word document, and in APA format. Note your submission will automatically be submitted through “TurnItIn” for plagiarism review. Please note that a minimum of 700 words for your essay is required.Your paper should be structured as follows1. Cover page with a running head 2. Introduction: What is deficit spending and how does it work.2.1. Advantages2.2. Disadvantages3. Crowding-out Effect4. Conclusions: Do you believe that deficit spending helps or hinders short-term and long-term economic growth?