O'Reilly logo

A Primer on Macroeconomics, Second Edition, Volume II, 2nd Edition by Professor Thomas M. Beveridge

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

CHAPTER 6

The Government Sector

Fiscal Policy and Short-Run Stabilization

 

By the end of this chapter, you will be able to.

  • Describe the economic functions of government in a market economy.
  • Define the federal deficit (surplus) and explain its relationship to the federal debt.
  • Identify the tools of fiscal policy.
  • Describe how the inclusion of the government sector affects the ADAS model.
  • Explain how autonomous changes in government spending and net taxes affect output, unemployment, and inflation.
  • Assess the effectiveness of fiscal policy actions and describe problems in the implementation of fiscal policy.
  • Explain how the incorporation of tax rates will influence the expenditure multiplier.
  • Explain the effects of automatic stabilizers on ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required