By the end of this section, you will be able to do the following: Explain the U.S. federal budget in terms of annual debt and accumulated debt and Understand how economic growth or decline can influence a budget surplus or budget deficit.

This instructional activity helps students understand the basic services provided for Americans in the United States Constitution and the necessity of a system of taxation to fund those services. Students will debate the pros and cons of...

Read about how we can use the Keynesian perspective to think about the common tradeoff between low inflation and low unemployment.

This site describes one of the principles of the State and Local Fiscal Assistance Act of 1972 and one of its purposes.

This video teaches the concept of Business Cycles. The pattern in which economies have periods of recession and then also periods of economic expansion or recovery is known as the business cycle.

For this lesson summary review and remind yourself of the key terms and calculations related to exchange rates. This resource is designed as a review for the AP Macroeconomics Test or a college-level macroeconomics course.

Provides numerous graphs accompanied by explanations of the government spending since the 1960s. Focuses on the restraint of the 1990s but shows the steady growth in the last forty years. Link to .pdf file. Requires Adobe Reader.

Until 1968 this site was a part of the nation's first armories and weapons production facilities, and a major military research facility. It was a focal point of the 1787 Shays' Rebellion, a local uprising against oppressive state fiscal...

An excellent collection of the speeches and testimony of Chairman Alan Greenspan from 1998-2000.

This site is an article that examines the 2001 recession. Looks to economic research and experts to dissect the economic slow down. Includes a brief history of recessions since WWII and links to related stories.

This 2009 chart shows sixteen U.S. state-level stimulus plans in response to the economic crisis.