Introduction To Fiscal Policy And The National Debt Basic Economics

An introduction of the definition of fiscal policy and subjects that fall under this economic chapter. These subjects include; Balanced Budget, Budget deficit, Budget surplus, Keynesian fiscal policy, Recessionary Gaps, Inflationary Gaps, Marginal Propensity To Consumer (MPC), Marginal Propensity To Save (MPS), Automatic Stabilizer, Discretionary Fiscal Policy and Public debt. There are mathematical calculation provided to display how calculate certain parameters in the economic subjects discussed. A small brief history of US fiscal policy is also provided to display the evolution of economic theories.