Topic: Government Budgets and Fiscal Policy
Description: In this module students will learn how the federal government use taxation and spending as a tool to fight recessions or inflationary processes.
Describe how taxation and spending influence government budgets, influencing federal deficits and national debt.
Describe the mechanisms of fiscal policy to fight recessions, inflation and unemployment.
Analyze the use of automatic stabilizers embedded in the economic system.
Debate over shortcoming with the use of discretionary fiscal policy