chapter 10 fiscal policy macroeconomics in context 3rd edition goodwin et al chapter overview this chapter introduces you to a formal analysis of fiscal policy and puts it in context ...
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...Chapter fiscal policy macroeconomics in context rd edition goodwin et al overview this introduces you to a formal analysis of and puts it with real world data examples the basic will be presented here follows keynesian model although also learn about classical or supply side perspectives gain an understanding federal budgets how affects economy clarifies difference between automatic stabilizers discretionary discusses recent policies terms their economic impact finally crowding out explores macroeconomic implications each these two concepts objectives after reading reviewing should able understand changes government spending taxes transfers on aggregate expenditure output carry calculations using multipliers describe major types outlays revenue sources discuss issue lags relative advantages disadvantages distinguish cyclical deficits structural explain both key budget expenditures g appropriation funds transfer payments surplus disposable income deficit tax multiplier balanced counterc...