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This is a JiTT exercise in which students apply introductory-level macroeconomic analysis to the question of how large the stimulus package put forward to Congress in early 2009 needed to be to close the recessionary gap facing the U.S. economy at that time. In particular, this exercise asks students to bring together the concepts of potential and actual GDP, recessionary gaps, fiscal policy, spending and taxing multipliers, and effects of changes in aggregate spending on employment and output.
- Subject:
- Business and Communication
- Economics
- Social Science
- Material Type:
- Activity/Lab
- Provider:
- Science Education Resource Center (SERC) at Carleton College
- Provider Set:
- Teaching and Learning Economics (SERC)
- Author:
- Scott Simkins
- Date Added:
- 08/28/2012
