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Lecture Essentials of economics (3/e): Chapter 13 - Brue, McConnell, Flynn

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Chapter 13 - Fiscal policy, deficits, and debt. This chapter explores the tools of government stabilization policy in terms of the aggregate demand–aggregate supply (AD-AS) model. Next, this chapter examines fiscal policy measures that automatically adjust government expenditures and tax revenues when the economy moves through the business cycle phases.