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Ch 50: Holt McDougal Economics Chapter 15.1: What Is Fiscal Policy?

About This Chapter

The What is Fiscal Policy? chapter of this Holt McDougal Economics -Concepts and Choices Textbook Companion Course helps students learn the essential lessons associated with fiscal policy. Each of these simple and fun video lessons is about five minutes long and is sequenced to align with the What is Fiscal Policy? textbook chapter.

How It Works:

  • Identify the lessons in the Holt McDougal What is Fiscal Policy? chapter with which you need help.
  • Find the corresponding video lessons with this companion course chapter.
  • Watch fun videos that cover the fiscal policy topics you need to learn or review.
  • Complete the quizzes to test your understanding.
  • If you need additional help, rewatch the videos until you've mastered the material or submit a question for one of our instructors.

Chapter Topics

You'll learn all of the economics topics covered in the textbook chapter, including:

  • Fiscal policy and automatic stabilizers
  • Expansionary and contractionary monetary policies
  • The rational expectations theory
  • Policy lags and timing in policy decisions

Holt McDougal is a registered trademark of Houghton Mifflin Harcourt, which is not affiliated with Study.com.

6 Lessons in Chapter 50: Holt McDougal Economics Chapter 15.1: What Is Fiscal Policy?
Test your knowledge with a 30-question chapter practice test
What is Fiscal Policy?

1. What is Fiscal Policy?

The following lesson will cover how the U.S. government uses fiscal policy to affect the economy. A short quiz will follow the lesson to check your understanding.

Automatic Stabilizers in Economics: Definition & Examples

2. Automatic Stabilizers in Economics: Definition & Examples

Watch this lesson to learn about the features that are built into the tax code and the government's budget that help offset declines in aggregate demand during recessions. Referred to as automatic stabilizers, they also address the needs of individuals facing hard times.

Expansionary Monetary Policy: Helping the Economy Grow

3. Expansionary Monetary Policy: Helping the Economy Grow

In this lesson, you'll learn how the central bank helps the economy grow during recessions by increasing the size of the money supply. An overview of the three tools of monetary policy are included as well as the reasons why monetary policy leads to higher economic output.

Contractionary Monetary Policy: Slowing the Economy Down

4. Contractionary Monetary Policy: Slowing the Economy Down

In this lesson, you'll find out more about the central bank's efforts to deal with an overheating economy, what economists call 'contractionary monetary policy.'

The Importance of Timing in Fiscal and Monetary Policy Decisions

5. The Importance of Timing in Fiscal and Monetary Policy Decisions

In this lesson, discover four different types of policy lags that occur when fiscal and monetary authorities take action in attempt to influence economic output. Find out which policy has less of a time lag.

Rational Expectations in the Economy and Unemployment

6. Rational Expectations in the Economy and Unemployment

This lesson provides an overview of the theory of rational expectations and then applies it to the labor market, fiscal policy and monetary policy. In the lesson, you'll learn more about expectations and outcomes in a world where people want to maximize profit.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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Other Chapters

Other chapters within the Holt McDougal Economics - Concepts and Choices: Online Textbook Help course

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