objectives

Completing the challenge

  1. Read Consumption and the Aggregate Expenditures Model in Principles of Macroeconomics. Pay special attention to the case studies:
  • Consumption and the Tax Rebate of 2001
  • Fiscal Policy in the Kennedy Administration
  • Predicting the Impact of Alternative Fiscal Policies
  1. Make notes about the three case studies, especially the parts that focus on consumption, it’s impact on the economy and ways governments try to stimulate consumption
  2. Reflect on the similarities and differences in the three case studies.