Khan Academy
Khan Academy: Fiscal Policy to Address Output Gaps
This video explains how fiscal policy can be used to close output gaps. Fiscal policy means using either taxes or government spending to stabilize the economy. Expansionary fiscal policy can close recessionary gaps and contractionary...
Khan Academy
Khan Academy: Fiscal and Monetary Policy in Parallel
In previous lessons, we've learned how expansionary monetary policy and expansionary fiscal policy can be used to mitigate a recession, but they don't have to be used in isolation from each other. Learn what happens when they are used at...
Khan Academy
Khan Academy: Deficits and Debt
In this video, learn about the distinction between deficits and debts, as well as the pros and cons of deficits. [7:40]