5 – Federal Reserve, Gov Spending, and Taxation

Vocab: none this unit

Textbook links:

9.2 The Banking System and Money Creation

9.3 The Federal Reserve System

Chapter 12: Government and Fiscal Policy

12.1 Government and the Economy

12.2 The Use of Fiscal Policy to Stabilize the Economy

12.3 Issues in Fiscal Policy

Videos:

Fractional Reserve Banking Explained in One Minute – with really irritating music

Money creation in a fractional reserve system – Khan Academy

Fiscal policy to address output gaps – Khan Academy

How Fiscal Policy and Monetary Policy Affect the Economy – you’ll have to create a free account.