All posts by Scorcia

Fiscal Policy

Questions to focus on:

  1. How can the government influence the business cycle?
  2. What are the benefits and drawbacks of using fiscal policy?
  3. Can a democratically elected government be relied on to enact proper fiscal policy?
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Additional Practice and review:

Background readings:

What the numbers say about the performance of the last three governments as fiscal managers


The Business Cycle

Questions to focus on:

  1. What is the business cycle?
  2. What is the macro-economist’s role in terms of the business cycle?
  3. What impact do the different stages have on aggregate supply and demand?

Additional Practice and Review:

Read Chapter 10

Review the “Check Your understanding Questions” – you should be able to answer them from your notes

Background Reading:

The charts every Canadian should be watching