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...

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...

By the end of this section, you will be able to describe microeconomics, describe macroeconomics, and contrast monetary policy and fiscal policy.

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...

This online slideshow offers a brief, informative explanation of what the fiscal cliff is and why it's important to our economy. This resource also explains where the fiscal cliff came from and what will happen if we take no action in...