Lecture Macroeconomics in context: A European perspective - Chapter 10: Fiscal Policy. In this chapter you will be able to: Understand the impact of changes in government spending, taxes, and transfers on aggregate demand and output; carry out calculations using “multipliers.”; describe the major types of government outlays, and major government revenue sources; discuss the issue of lags in fiscal policy, and the relative advantages and disadvantages of automatic and discretionary policies. |
