Methods of Fiscal Policy

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Presentation transcript:

Methods of Fiscal Policy Name_______________________________ Period ________ ______________________________ 2. ________________ ________________ G B C ______________________________ 2. ________________ ________________

G C Methods of Fiscal Policy Government Programs or Injections 3 types _________________________________________ ____________________________________ __________________________________ ______________________________________ G C Examples

Methods of Fiscal Policy Government Programs or Injections 3 types Wait, what is a social insurance program intended to do? Whom does it help? __________________________________________________________________ Wait, what is a public assistance program intended to do? Whom does it help? __________________________________________________________________ Is worker compensation a SIP or PAP? _________________ Is Medicare a SIP or PAP? _________________ Is Social Security a SIP or PAP? _________________ Is Medicaid a SIP or PAP? _________________ Is welfare a SIP or PAP? _________________

G C Methods of Fiscal Policy Government Programs: Budget Making Process The Process Starts With Whom? ___________ and is overseen by the _______. With the President they set the Federal or Fiscal ____________ It runs from _________ 1st to ____________ 30th. If there is money left unspent it is called a __________ __________. IF they spend more than accrue in tax revenue, its called a _____________ ___________. G C

G C Methods of Fiscal Policy Government Leakages or Taxes 3 types _________________________________________ __________________________________ G C Examples

Methods of Fiscal Policy How Presidents use fiscal policy FDR during WWII, used fiscal policy to __________ __________________ _________ to end the Great Depression. The chain below is an example of the economic situation America faced during the Great Depression. Circle the attribute that the FDR targeted to change followed by 3-5 sentences explaining how this change impacted the rest of the factors in the chain. ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ IR BI UE C V$ X M

Methods of Fiscal Policy How Presidents use fiscal policy JFK during 1960’s used fiscal policy to __________ __________________ which impacted led to increased economic growth. The chain below is an example of the economic situation America faced during the 1960’s. Circle the attribute that the JFK targeted to change followed by 3-5 sentences explaining how this change impacted the rest of the factors in the chain. ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ IR BI UE C V$ X M

Methods of Fiscal Policy How Presidents use fiscal policy Ronald Reagan during the 1960’s, used fiscal policy to _____________________________________. This thrusted America into an immediate recession however in the years ahead it led to increased economic growth. The chain below is an example of the economic situation America faced during the 1980’s. Circle the attribute that the Reagan targeted to change followed by 3-5 sentences explaining how this change impacted the rest of the factors in the chain. ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ IR BI UE C V$ X M