SS10.E.11

Social Studies (2010) Grade(s): 12 - Economics

SS10.E.11
Explain how the government uses fiscal policy to promote the economic goals of price stability, full employment, and economic growth.

Unpacked Content

Knowledge

Students know:

The role of Congress and the President in promoting economic stability through the use of discretionary fiscal policy.
Government spending and taxes act automatically to help stabilize the economy.
The two fiscal policy tools: government spending and taxes.

Skills

Students are able to:

Determine the specific economic impact of changes in government spending.
Determine the specific economic impact of changes in the tax rate.
Determine the appropriate fiscal policy to promote employment.
Determine the appropriate fiscal policy to combat inflation.

Understanding

Students understand that:

Taxes and government spending impact the overall economy, both through discretionary fiscal policy and automatic stabilizers.
Fiscal policy tools are used to promote employment and economic growth.
Fiscal policy tools are used to combat inflation.

Vocabulary

fiscal policy
Keynesian
deficit
crowding out effect
surplus
debt
expansionary policy
contractionary policy
multiplier effect
automatic stabilizers

Aligned Learning Resources

People's Pie

Monetary and Fiscal Policy: Crash Course Government #48

Design by Adaptive Theme