Topic Eleven

Budget Deficits & Supply Side Economics

Required Readings:

Video Lecture Clips:

Alternative Readings:

LEARNING OBJECTIVES FOR TOPIC 11:

  • You should be able to explain how budget deficits affect the economy in the short run and the long run.
  • You should be able to explain the importance of the crowding out effect on the deficit “problem”.
  • You should be able to explain the fundamental characteristics of Supply-Side Economics, and differentiate them from other schools of thought.

 

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