Macro: Unit 3.2 -- The Effects of Fiscal Policy

Hey Everyone! I'm Mr. Willis, and You Will Love Economics!
In this video, I will:
- Identify the appropriate fiscal policy needed to return an economy to equilibrium when it is
experiencing an inflationary or a recessionary gap
- Discuss the multiplier effect and how that effect will eventually close a GDP gap
- Walk through how changes in government spending or tax policy will alter income levels and
set off a chain of events that correct economic conditions through changes in aggregate
demand
- Investigate how expansionary and contractionary fiscal policy affect economic indicators,
including price level, Real GDP, the unemployment rate, standard of living, income and
consumption levels, and net exports
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[@iniyailangathir]

CLEAR Explanation, thank you so much Mr. Brent Willis

[@TheIsaNva]

You explained this so perfectly, thanks!

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[@YouWillLoveEconomics]

Awesome! Glad it was helpful. Thanks for the feedback!

[@wh2156]

How do expectations about the future by households and businesses affect the effectiveness of fiscal policy?

[@devsingh6214]

ur explanations were really helpful
keep up the good work

[@JussyWussy]

Great video, i have my hsc exam, (Sydney Australia) in 1 hour

[@ZufashPlaytime]

absolutely Brilliant. Brent Willis. i really appreciate that. .. Just spot on Bro

[@YouWillLoveEconomics]

Thanks Asif! We're just getting started too. Be on the lookout for Microeconomics videos in the coming months.

[@shelbyannhernandez762]

Love this explanation

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Thank you so much

[@africanchronicler]

thanks willis

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[@YouWillLoveEconomics]

You’re very welcome!

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So good I wanted to give two likes