Economics (McConnell) AP Edition, 19th Edition

Chapter 30: Fiscal Policy, Deficits, and Debt

The content of this chapter may be included on the AP* Macroeconomics exam.

After reading this chapter, you should be able to:

1. Identify and explain the purposes, tools, and limitations of fiscal policy.
2. Explain the role of built-in stabilizers in moderating business cycles.
3. Describe how the cyclically-adjusted budget reveals the status of U.S. fiscal policy.
4. Discuss the size, composition, and consequences of the U.S. public debt.

AP Chapter 30 Introduction (11.0K)