Fiscal Policy 1. The Car Analogy The economy is like a car… You can drive 120mph but it is not sustainable. (Extremely Low unemployment) Driving 20mph.
12. GDP is: A)the monetary value of all goods and services (final, intermediate, and non-market) produced in a given year. B)total resource income less.
Unit 3-6: Aggregate Demand and Supply and Fiscal Policy 1.
1. 1.Draw an Inflationary Gap with your fingers. 2.Draw a Recessionary Gap with your fingers. 3.Explain the difference between the Classical and Keynesian.
Aggregate Demand and Supply and Fiscal Policy
Fiscal Policy. The Car Analogy The economy is like a car… You can drive 120mph but it is not sustainable. (Extremely Low unemployment) Driving 20mph is.
Module 30 focuses on Fiscal Policy. 1. How does the Government Stabilizes the Economy? The Government has two different tool boxes it can use: 1. Fiscal.
Fiscal Policy
