{"id":345,"date":"2024-05-30T03:23:25","date_gmt":"2024-05-30T03:23:25","guid":{"rendered":"https:\/\/course.oeru.org\/maec102\/?page_id=345"},"modified":"2024-05-30T03:23:25","modified_gmt":"2024-05-30T03:23:25","slug":"introduction-and-objectives","status":"publish","type":"page","link":"https:\/\/course.oeru.org\/maec102\/learning-pathways\/fiscal-policy\/introduction-and-objectives\/","title":{"rendered":"Introduction and objectives"},"content":{"rendered":"<div id=\"content\" class=\"mw-body container\" role=\"main\">\n<div class=\"row\">\n<div class=\"col-md-12\">\n<div class=\"panel\">\n<div class=\"panel-body\">\n<div id=\"bodyContent\">\n<div id=\"mw-content-text\" lang=\"en\" dir=\"ltr\" class=\"mw-content-ltr\">\n<div class=\"thumb tright\">\n<div class=\"thumbinner thumbnail\" style=\"width:502px;\"><a href=\"https:\/\/wikieducator.org\/File:Demande_agr%C3%A9g%C3%A9e_dans_le_mod%C3%A8le_IS-MP.png\" class=\"image\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"\/\/wikieducator.org\/images\/thumb\/f\/f4\/Demande_agr%C3%A9g%C3%A9e_dans_le_mod%C3%A8le_IS-MP.png\/500px-Demande_agr%C3%A9g%C3%A9e_dans_le_mod%C3%A8le_IS-MP.png\" width=\"500\" height=\"202\" class=\"thumbimage img-responsive\"><\/a>  <\/p>\n<div class=\"thumbcaption\">Aggregate supply curve<\/div>\n<\/div>\n<\/div>\n<p>Using various policies and tools, a government attempts to steer the macroeconomy toward three main goals: full employment, price stability, and economic growth. Here you will begin to explore conflicts and complexities in relation to those policies and tools. Here we will focus on fiscal policy, which consists of taxing and spending, usually done through acts involving Congress (in the U.S.) or comparable legislative bodies.<br style=\"clear:both;\"><\/p>\n<p>\n<\/p>\n<div class=\"panel iDevice\">\n\t<div class=\"panel-heading idevice-heading\">\n\t\t<div>\n\t\t\t<img decoding=\"async\" class=\"pedagogicalicon\" alt=\"objectives\" src=\"https:\/\/course.oeru.org\/maec102\/wp-content\/themes\/oeru_course\/idevices\/Icon_objectives.png\">\n\t\t<\/div>\n\t\t<div>\n\t\t\t<h2>Objectives<\/h2>\n\t\t<\/div>\n\t<\/div>\n\t<div class=\"panel-body\">\n\t\t<div class=\"col-md-12\">\n\t\t\t<\/p>\n<p>Upon successful completion, you will be able to:\n<\/p>\n<ul>\n<li> explain the effect of government spending, taxation, and budget deficits and surpluses on GDP;\n<\/li>\n<li> explain how the various kinds of lags influence the effectiveness of discretionary fiscal policy;\n<\/li>\n<li> explain how discretionary fiscal policy works and influences aggregate demand;\n<\/li>\n<li> identify the major components of US government spending and their sources;\n<\/li>\n<li> define the terms budget surplus, budget deficit, and balanced budget; and\n<\/li>\n<li> explain the difference between a budget deficit and the national debt.\n<\/li>\n<\/ul>\n<p>\n<\/p>\n<p>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<p><!-- \nNewPP limit report\nCPU time usage: 0.071 seconds\nReal time usage: 0.955 seconds\nPreprocessor visited node count: 106\/1000000\nPreprocessor generated node count: 788\/1000000\nPost\u2010expand include size: 2669\/2097152 bytes\nTemplate argument size: 1172\/2097152 bytes\nHighest expansion depth: 7\/40\nExpensive parser function count: 0\/100\n--><\/p>\n<p><!-- Saved in parser cache with key we_en-mw_:pcache:idhash:177043-0!*!*!*!*!2!* and timestamp 20240530032323 and revision id 1035844\n -->\n<\/div>\n<div class=\"visualClear\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"row\">\n<div class=\"col-md-12\">\n<ul class=\"pager\">\n<li class=\"previous\">\n            <a href=\"\/maec102\/learning-pathways\/aggregate-demand\/outputs-aggregate-demand-challenge\">\u2190 Previous<\/a>\n          <\/li>\n<li class=\"next\">\n            <a href=\"\/maec102\/learning-pathways\/fiscal-policy\/fiscal-policy-and-tools-readings\">Next \u2192<\/a>\n          <\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<div id=\"wenote-ids\"><script type='text\/javascript' id='wenotes-ids'>\n    var WEnotesSite = \"https:\/\/wikieducator.org\";\n    var WEnotesPath = \"\/Macroeconomics_activity_and_demand\/Fiscal_policy\";\n    var WEnotesSiteID = \"0e3d258fbd36841f92259eefcd41d5e9\";\n    var WEnotesPathID = \"63a0b820bf63b3cc0fb5e285f3ed4fe9\";\n    var WEnotesIDs = { site: \"https:\/\/wikieducator.org\", path: \"\/Macroeconomics_activity_and_demand\/Fiscal_policy\", site_id: \"0e3d258fbd36841f92259eefcd41d5e9\", path_id: \"63a0b820bf63b3cc0fb5e285f3ed4fe9\" };\n<\/script><\/div>\n<\/div>\n<footer><\/footer>\n","protected":false},"excerpt":{"rendered":"<p>Aggregate supply curve Using various policies and tools, a government attempts to steer the macroeconomy toward three main goals: full employment, price stability, and economic growth. Here you will begin to explore conflicts and complexities in relation to those policies and tools. Here we will focus on fiscal policy, which consists of taxing and spending, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":343,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-345","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/pages\/345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/comments?post=345"}],"version-history":[{"count":1,"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/pages\/345\/revisions"}],"predecessor-version":[{"id":346,"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/pages\/345\/revisions\/346"}],"up":[{"embeddable":true,"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/pages\/343"}],"wp:attachment":[{"href":"https:\/\/course.oeru.org\/maec102\/wp-json\/wp\/v2\/media?parent=345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}