Economics (McConnell), AP* Edition, 20th EditionChapter 31:
Fiscal Policy, Deficits, and DebtAfter studying this chapter, you should be able to: LO 31.1 | Identify and explain the purposes, tools, and limitations of fiscal policy. | LO 31.2 | Explain the role of built-in stabilizers in moderating business cycles. | LO 31.3 | Describe how the cyclically adjusted budget reveals the status of U.S. fiscal policy. | LO 31.4 | Summarize recent U.S. fiscal policy and the projections for U.S. fiscal policy over the next few years. | LO 31.5 | Discuss the problems that governments may encounter in enacting and applying fiscal policy. | LO 31.6 | Discuss the size, composition, and consequences of the U.S. public debt. |
|