October 11 slides

October 11 slides - The Government, Fiscal Policy, and the...

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The Government, Fiscal Policy, and the Economy Required Reading •C h a p t e r 1 1 , i n c l u d i n g A p p e n d i c e s A & B
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Basic Question •F i s c a l P o l i c y : T h e e f f e c t o f G o v e r n m e n t activities on the economy •H o w d o e s F i s c a l P o l i c y a f f e c t t h e economy?
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Associated Questions •E f f e c t i v e n e s s o f F i s c a l P o l i c y ? •S t r e n g t h s & W e a k n e s s e s o f F i s c a l P o l i c y ? f f e c t i v e n e s s i n t h e S h o r t - r u n v s . t h e Long-run?
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What is Fiscal Policy? •“ G o v e r n m e n t i n c l u d e s b o t h F e d e r a l a n d State and Local Government activity •G o v e r n m e n t e c o n o m i c a c t i v i t i e s : ¾ Purchases goods and services ¾ Imposes and collects taxes ¾ Makes transfer payments
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Purchases of Goods & Services •D e f e n s e S p e n d i n g •I n f r a - S t r u c t u r e S p e n d i n g •H e a l t h C a r e •E d u c a t i o n •G o v e r n m e n t O f f i c e s
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Taxes •I
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October 11 slides - The Government, Fiscal Policy, and the...

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