Chapter 10 Fiscal Policy

Table 10.1 An Increase in Government Spending

Figure 10.1 Increased Government Spending

Figure 10.2 A Macroeconomic Model with Government Spending and Taxes

Figure 10.3 United States Government Source of Funds and Outlays, Fiscal Year 2017 Source: Economic Report of the President, 2018.

Figure 10.4 Federal Surplus or Deficit as a Percent of GDP, 1939-2017 Source: Economic Report of the President, 2013, Table B-79.

Figure 10.5 Federal Outlays, Receipts, and Surplus/Deficit, as a Percent of GDP, 1980-2017 Source: Economic Report of the President, 2017, Table B-18.

Figure 10.6 Crowding Out in the Loanable Funds Market

Table 10.2 Different Multiplier Effects

Figure 10.7 A Reduction in the Proportional Tax Rate