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\nFiscal Policy: Short-Term vs Long-Term Impact and the Importance of Productive Capacity\n

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\nThe video is a lecture on fiscal policy. The presenter discusses the impact of fiscal policy on economic performance in the short and long run, and the differences between types of fiscal policy, namely expansionary and contractionary....\nThe video is a lecture on fiscal policy. The presenter discusses the impact of fiscal policy on economic performance in the short and long run, and the differences between types of fiscal policy, namely expansionary and contractionary. He provides examples and graphs illustrating the effects of fiscal policy on aggregate demand, real output, and inflation. He also explains the importance of shifting the long run aggregate supply curve to manage inflation and achieve long-term growth. Furthermore, he emphasizes the critical role of government spending in achieving the desired outcomes of fiscal policy.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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17:48
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
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Media Type
Instructional Videos
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Source:
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\nKnowMo Economics\n\n
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Date
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2018
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Additional Materials

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\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Transcript\n
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Concepts

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economics, expansion, fiscal policy, aggregate demand, income tax, inflation, governments
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Additional Tags

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a-level, lectures, macro, policy, 6.1b, fiscal, and, contraction, long run, economic activity, price levels, real output, long term, free medication, longer working, productive capacity, spare capacity, positive impacts, video lecture, short term, classical view, important thing, large level, inflationary consequences, inflationary, short, spending, view, expenditure, improve, level, important, limited
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Classroom Considerations

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Best For: Explaining a topic
Video is ad-free
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Educator Ratings

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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Fiscal Policy: Short-Term vs Long-Term Impact and the Importance of Productive Capacity\" href=\"/subscription/new\">\"Fiscal\n\n
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