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AP Economics

AP Economics. Mr. Bernstein Module 20 : Fiscal Policy: The Basics (p 202-204 and p 499) September 30, 2013. AP Economics Mr. Bernstein. Expanded Circular Flow Diagram. AP Economics Mr. Bernstein. Governments and their economies. AP Economics Mr. Bernstein. Fiscal Policy

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AP Economics

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  1. AP Economics Mr. Bernstein Module 20: Fiscal Policy: The Basics (p 202-204 and p 499) September 30, 2013

  2. AP EconomicsMr. Bernstein Expanded Circular Flow Diagram

  3. AP EconomicsMr. Bernstein Governments and their economies

  4. AP EconomicsMr. Bernstein Fiscal Policy • Taxes, USA, 2008

  5. AP EconomicsMr. Bernstein Fiscal Policy • Government Spending

  6. AP EconomicsMr. Bernstein Fairness and Taxation – what is a “Fair Share”? • Proportional Tax - one rate, regardless of income level • No tax breaks for charity, home mortgage, etc. • Popularly labeled “Flat Tax” • Progressive Tax – rates are higher for higher earners • Regressive Tax – rates are higher for lower earners

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