Objectives: To understand
- Government Spending
- Taxation
- Federal Deficits and the National Debt
- Using Fiscal Policy to Fight Recessions, Unemployment, and Inflation
- Automatic Stabilizers
- Practical Problems with Discretionary Fiscal Policy
- The Question of a Balanced Budget
To-do Before Class
Read Ch. 17 Introduction to Government Budgets and Fiscal Policy
Activities/Assignments
Economics in the Real World
