In this lesson summary review and remind yourself of the key terms and graphs related to the effects of fiscal policy actions in the short run. Topics include how fiscal and monetary policy can be used in combination to close output...

Offers an in-depth description of monetary policy, its characteristics, functions, and goals.

The stock-market crash of 1929 is generally seen as the start of The Great Depression, the worst economic downturn in the history of the United States. The Depression had devastating effects on the country. But it also served as a...

In this lesson summary review and remind yourself of the key terms, calculations, and graphs related to fiscal policy. Topics include how taxes and spending can be used to close an output gap, how to model the effect of a change in taxes...

A brief explanation of the economic factors that led to the Panic of 1873 when the railroad investment firm, Jay Cooke and Co., collapsed, followed by the demise of many other railroads over the next several years.