Unit 5
Fiscal Policy
“Sometimes it seems as if there are more solutions than problems. On closer scrutiny, it turns out that many of today’s problems are a result of yesterday’s solutions.”
- Thomas Sowell
"The government has nothing to give to anybody that it doesn't first take from someone else." - Henry Hazlitt
Essential Questions
1) What is the proper role of government in the economy?
2) How does government spending and taxes (fiscal policy) help solve inflation and recessions?
3) What is the key difference between a supply-side economics and a demand-side economist?
Student Objectives
Students will be able to explain...
1) fiscal policy at the local, state, and national levels of government.
2) the role of taxes, revenue, and expenditures at the local, state, and national levels of government.
Fiscal Policy
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Money
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Taxes
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