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Discretionary fiscal policies - PowerPoint PPT Presentation

Chapter 7 Fiscal Policy

Chapter 7 Fiscal Policy. These slides supplement the textbook, but should not replace reading the textbook. Who were the Classical Economists?. A group of the 18 th and 19 th centuries, including Adam Smith known as the father of modern day economics.

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Who were the Classical Economists?

Who were the Classical Economists?. A group of the 18 th and 19 th centuries, including Adam Smith known as the father of modern day economics. What did Adam Smith and the Classical Economists believe?. The economy was always tending toward a full employment equilibrium and stable prices.

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811 views • 63 slides

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Discretionary fiscal policies - PowerPoint PPT Presentation

Chapter 7 Fiscal Policy

Who were the Classical Economists?