TAILIEUCHUNG - Lecture Macroeconomics - Chapter 10: Fiscal policy

In chapter 10 you will learn: What fiscal policy is and what it is used for; what discretionary fiscal policy is and its function; about the economy’s built-in stabilizers; what a cyclically adjusted budget is; the problems, criticisms, and complications of fiscal policy. | CHAPTER 10 SLIDES PREPARED BY JUDITH SKUCE, GEORGIAN COLLEGE FISCAL POLICY In this chapter you will learn What fiscal policy is and what it is used for What discretionary fiscal policy is and its function About the economy’s built-in stabilizers What a cyclically adjusted budget is The problems, criticisms, and complications of fiscal policy Chapter 10 Topics Legislative Mandates Fiscal Policy & the AD-AS Model Built-In Stabilization Evaluating Fiscal Policy Problems, Criticisms & Complications Legislative Mandates Great Depression need for stabilization role Unemployment Insurance introduced during World War II Governments regularly use fiscal policy to stabilize the economy Chapter 10 Topics Legislative Mandates Fiscal Policy & the AD-AS Model Built-In Stabilization Evaluating Fiscal Policy Problems, Criticisms & Complications Definition: Deliberate changes of government expenditures taxes Dependent upon deliberate decisions in Parliament Discretionary Fiscal Policy Expansionary .

• Kinh tế học
• Macroeconomic activity
• Lecture Macroeconomics
• Macroeconomic environment
• Financial system
• Fiscal policy
• Legislative mandates
• Macroeconomic adjustments
• Method of economics
• Nature of economics
• Macroeconomic policy
• Macroeconomic
• Theoretical Model
• publication
• transmitted
• electronic
• mechanical
• photocopy
• Economic problem
• Foundation of economics
• Individual markets
• Market equilibrium
• Market system
• Canadian economy
• Global economy
• International trade
• Measuring domestic output
• Income approach
• Economic growth
• Business cycle
• Aggregate expenditures model
• Equilibrium GDP
• Aggregate demand
• Aggregate supply
• Public debt
• Budget philosophies
• Canadian financial system
• Functions of money
• Balance sheet
• Chartered bank
• Monetary policy
• Bank of Canada
• New economy
• Trade barriers
• Exchange rates
• Balance of payments
• Economic models
• Functional notation