Chapter 15 Fiscal Policy

People in suits walk up the steps of the capital building.

Spending more money than you earn is usually a bad idea. But what if you face an unexpected need for more cash than you have? How do you decide whether you should borrow money or not spend the money at all?

The federal government deals with this dilemma every year when it prepares its budget. Sometimes borrowing money is the best choice for the economy. Other times, borrowing money causes more problems than it solves.


End ofPage 386

Table of Contents

Economics: Principles in Action
About the Authors
Program Reviewers
Contents
Unit 1 Introduction to Economics
Chapter 1 What Is Economics?
Chapter 2 Economic Systems
Chapter 3 American Free Enterprise
Unit 2 How Markets Work
Chapter 4 Demand
Chapter 5 Supply
Chapter 6 Prices
Chapter 7 Market Structures
Unit 3 Business and Labor
Chapter 8 Business Organizations
Chapter 9 Labor
Unit 4 Money, Banking, and Finance
Chapter 10 Money and Banking
Chapter 11 Financial Markets
Unit 5 Measuring Economic Performance
Chapter 12 Gross Domestic Product and Growth
Chapter 13 Economic Challenges
Unit 6 Government and the Economy
Chapter 14 Taxes and Government Spending
Chapter 15 Fiscal Policy
Chapter 16 The Federal Reserve and Monetary Policy
Unit 7 The Global Economy
Chapter 17 International Trade
Chapter 18 Economic Development and Transition
Reference Section
Personal Finance Handbook
Economic Atlas and Databank
Glossary
Spanish Glossary
Index
Acknowledgments
Go to previous page Go to next page