Macro: Unit 3.1 -- Types of Fiscal Policy
Hey Everyone! I'm Mr. Willis, and You Will Love Economics!
In this video, I will:
Define expansionary fiscal policy and identify the tools that the government can use to
implement it
Define contractionary fiscal policy and identify the tools that the government can use to
implement it
Compare and contrast discretionary and non-discretionary fiscal policy
Demonstrate how changes in government spending and tax policy can drive changes in
aggregate demand and economic conditions
Discuss automatic stabilizers and how they work counter-cyclically to economic conditions
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