 | Fiscal Policy, Deficits, and Debt
In this chapter you will learn:
- The purposes, tools, and limitations of fiscal policy.
- The role of built-in stabilizers in moderating business cycles.
- How the standardized budget reveals the status of U.S. fiscal policy.
- About the size, composition, and consequences of the U.S. public debt.
- Why there is a long-run fiscal imbalance in the Social Security system.
|