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


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.