Lecture25--FiscalPolicyandBudgetBalance

Lecture25--FiscalPolicyandBudgetBalance - Teacher...

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Teacher Evaluation Teacher Evaluation for this course will be done online. Go to https://classeval.ncsu.edu to complete an evaluation for the course(s) listed. Sign on with your Unity ID, and be directed to a page listing the lecture and your lab for this course. Evaluate Professor Hyman for the Lecture (EC205- 001) and Evaluate your lab instructor for your EC205L lab listed. Contact c lasseval@help.ncsu.edu . If you need help.
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Fiscal Policy and the Federal Budget Balance The use of government spending and taxing power to stabilize the economy and the consequences of chronic budget deficits
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Keynes’ prescription for an economy in deep recession:  Use  fiscal  policy  (changes in government spending and tax policy)to increase  aggregate demand when the economy is in recession Price Level Real GDP Aggregate Supply Initial aggregate demand aggregate demand after expansionary fiscal policy P1 P2 0 Q1 Q2 Potential real GDP
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This note was uploaded on 02/08/2010 for the course EC 205 taught by Professor Hyman during the Spring '08 term at N.C. Central.

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Lecture25--FiscalPolicyandBudgetBalance - Teacher...

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