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Fiscal Policy, Deficits, and Debt


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IN THIS CHAPTER YOU WILL LEARN:

  1. The purposes, tools, and limitations of fiscal policy.


  2. The role of built-in stabilizers in moderating business cycles.


  3. How the standardized budget reveals the status of U.S. fiscal policy.


  4. About the size, composition, and consequences of the U.S. public debt.












McConnell Economics 18/e OLCOnline Learning Center

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