1. 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 specific spending

2. Classical Economics Adam Smith- David Ricardo Thomas Malthus
These guys all believed in the self regulating nature of the market place

3. John Maynard Keynes
The General Theory of Employment, Interest, and Money
Depression Era
Favored Gov’t Intervention
Demand-Side Economics
Keynesian Economics-three sectors
1.Individuals
2.Businesses
3.Government

4. The New Deal FDR Keynesian in model and practice Deficit Spending
Control Inflation

5. Supply Side Economics Consumer Products Ronald Reagan
Increasing Supply of Goods
Laffler Curve

6. The Budget
Our Debt is Three Trillion Dollars