Economics

Economics-11/20/13 Download Phinizy-Fiscal and Monetary Policy Fiscal Policy-Virtual Economics Main Course: EQ: What is fiscal policy Finish your handout which talks about fiscal policy National debt=total amount of money owed by the federal government Budget deficit=when the government spends more money than it is bringing in with taxes (in other words, gov’t borrows money to make up difference between expenses and revenue) We will go over your sheet-15 minutes to complete Discuss answers to pages 76-77 from yesterday I RESPOND-EOCT 3, pages 82-84-you may look back in the book or in your notes, but you will not work together on this-this will count as a summative assessment. Put your answers on the paper from yesterday (pages 76-77)