Economics (McConnell), 18th Edition

Chapter 30: Fiscal Policy, Deficits, and Debt

IN THIS CHAPTER YOU WILL LEARN:

  1. The purposes, tools, and limitations of fiscal policy.


  2. The role of built-in stabilizers in moderating business cycles.


  3. How the standardized budget reveals the status of U.S. fiscal policy.


  4. About the size, composition, and consequences of the U.S. public debt.


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