Gov Review Video #43: Keynesian and Supply-Side Economics

Slides:



Advertisements
Similar presentations
Until Great Depression, government did little to influence economy persistent unemployment, low production changed many economists minds John Maynard.
Advertisements

Project Overview. What economic problems did Americans encounter during the Great Depression?
Chapter 5: Monetary Theory and Policy. 1-2 Chapter 5: Monetary Theory and Policy Chapter Outline: Monetary Theory. Economic Indicators Monitored by the.
 John Maynard Keynes  Increasing government deficit and spending to stimulate economy  FDR and the New Deal.
Three Big Things We Gotta Know.
Fiscal Policy. *The government has three roles in the economy: TAXATION, SPENDING, & REGULATION.
Taxes, Fiscal, and Monetary Policies
Fiscal Policy © 2010, TESCCC.
Fiscal Policy Chapter 15. Setting Fiscal Policy: The Federal Budget  $7.7 Billion a day spent by government  Fiscal Policy is the use of government.
1 Chapter 15 Practice Quiz Tutorial Fiscal Policy ©2004 South-Western.
Chapter 15: Fiscal Policy Section 2
Fiscal Policy Government actions and decisions to influence the economy Reference 15.1.
Economic Policy Fiscal policy - Taxing, spending, and borrowing policies of the federal government. Monetary policy – directed by The Federal Reserve (The.
Using Fiscal Policy.   Fiscal Policy is the federal government’s use of taxes and government spending to affect the economy.  There are three primary.
$100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $300 $400 $500 $100 $200 $300 $400 $500 $200.
Government & Economics Government & Economics Review your monetary policy notes!! Draw and label this Business Cycle in your note book!! (Expansion, Contraction,
FISCAL POLICY Inflation Real GDP AS 1 AD 1 AD 2 Economy in recession, Unemployment = 9.1% Expansionary Fiscal Policy needed Lower Taxes & ↑ Gov’t spending.
Boom Roaring Twenties –Materialism –Spending –Prosperous.
Supply-Side Economics Economics at Klein Oak High School Fall 2003.
Unit 7 Fiscal & Monetary Policy. The Federal Reserve System The central bank of the US which sets the monetary policy of the USA Monetary policy-control.
Economic Theories to Control Business Cycle  Option 1: No government interference- Adam Smith  Supply and demand will eventually find equilibrium price.
Chapter 11 Classical & Keynesian Economics What You Will Learn From This Lesson Theory & Principles  The Depression and Classical Economics  The Fatal.
Warm-Up: Review  What are the main differences between the Democrats & Republicans economic theories & policies?  Which party was: FDR? Adam Smith? Explain…
Chapter 12 Government Decisions and Economic Success.
Fiscal Policy History. Growth of the Federal Government 1930s The New Deal young men worked on infrastructure 1940s WWII everyone worked on war production.
Competing schools of thought Macroeconomic Theory.
Classical and Keynesian Economics 11-1 Copyright  2002 by The McGraw-Hill Companies, Inc. All rights reserved.
ECONOMIC POLICY (Or… “How Many Harvard Economists Does It Take to Craft an Economy Policy?”
Ch 16, 2-4. Section 2: Aggregate supply the total value of goods and services that all firms would produce in a specific period of time.
Chapter 15 Fiscal Policy.
EVERYTHING YOU NEED TO KNOW KEY PEOPLE ASSOCIATED WITH THE GREAT DEPRESSION AND NEW DEAL TO SUCCEED IN APUSH APUSH Review: Key People Associated With The.
20 th Century Economic Theory Miss Varee AP Macroeconomics Spring 2008.
War of Ideas  There is an ideological war between the French and the English.  You will be surprised to learn that most conservatives side with the French.
Fiscal Policy Government action to influence the economy Reference 15.1.
The Federal Reserve Fiscal Policy - Using taxes and spending to help the economy grow. Monetary Policy - Policy that involves changing the rate.
1 Fiscal Policy © 2009, TESCCC. 2 Fiscal Policy defined The government’s (Congress and the President) use of taxing and spending to promote economic growth.
Fiscal Policy Fiscal policy is changes government makes in spending or taxation to achieve particular economic goals.
Fiscal Policy Chapter 15. What is Fiscal Policy? The use of government spending and revenue collection to influence the economy –This can either expand.
Fiscal Policy and the Federal Reserve. Early History The United States government largely adhered to free market practices throughout the 18 th and 19.
Fiscal Policy Use of gov’t spending & revenue collection to influence the economy Fiscal Year-Fed Gov’t-Oct 1-Sep 30 Appropriations Bill-sets $ aside for.
Fiscal Policy.
Stabilization Policies
Fiscal Policy.
Economic Stabilization Policies
Fiscal Policy UNIT 6 Chapter 15.
Fiscal and Monetary Policy
What’s the State of Our Economy Now?
John Maynard Keynes vs. Friedrich Von Hayek
DO NOW Answer question 8 on p. 453.
Chapter 21 Practice Quiz Tutorial Fiscal Policy
US Policy Domestic: internal issues – laws, government planning and actions Economic: money issues Foreign: dealing with other nations.
To correct an inflationary problem in the U. S
Chapter 15: Fiscal Policy Section 2
Macroeconomics The Big Picture.
Fiscal Policy.
Gov Review Video #44: Unemployment and Inflation
Economic Stabilization Policies Ch. 15
[ 9.2 ] Fiscal Policy Options
Fiscal Policy & Economic Theory
American government Unit: Chapter 16
Gov Review Video #42: Making The Federal Budget
Gov Review Video #40: Monetary & Fiscal Policy
Gov Review: Unit #5 In 10 Minutes!
John Maynard Keynes vs. Friedrich Von Hayek
Gov Review Video #44: Unemployment and Inflation
Chapter 15 Fiscal Policy.
Chapter 15 Fiscal Policy.
Macroeconomic Theories
Demand side v. Supply side
Chapter 15: Fiscal Policy
Presentation transcript:

Gov Review Video #43: Keynesian and Supply-Side Economics Everything You Need To Know About Keynesian and Supply-Side Economics To Succeed In APUSH

Keynesian Economics Who was John Maynard Keynes? English economist Influenced FDR during Great Depression What does Keynesian Economics advocate? Government spending to help an economy in a downturn “Priming the pump” Most often associated with Democrats

Supply-Side Economics Popularized during Reagan’s administration What does this theory advocate? Lower taxes, especially for businesses Believe this would increase investment in businesses and supply of goods Laffer Curve - argues the more people are taxed, the less people work

See You Back Here For Video #44: Unemployment and Inflation Thanks for watching Best of Luck

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2025 SlidePlayer.com. Inc. All rights reserved.