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ch_27_i - Historic Perspective in the US Allocation of...

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Fiscal Policy Pt I Jason Hockenberry PhD
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Definition of Fiscal Policy Changes in federal taxes and purchases that are intended to achieve macroeconomic policy objectives, such as high employment, price stability, and high rates of economic growth.
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Two Types of Fiscal Policy Automatic Stabilizers Discretionary Fiscal Policy
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Unformatted text preview: Historic Perspective in the US Allocation of Government Spending Federal Government Expenditures, 2006 Sources of Federal Revenue FIGURE 15.4 Federal Government Revenue, 2006 The Effects of Fiscal Policy on Real GDP and the Price Level FIGURE 15.5 Fiscal Policy...
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