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Fiscal Policy, Inflation, and Unemployment: Key Concepts and Applications

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Introduction to Fiscal Policy

Expansionary and Contractionary Fiscal Policy

Government Purchases and the Multiplier Effect

Taxes, the Multiplier Effect, and Automatic Stabilizers

Long Run Effects of Fiscal Policy

Criticisms of Fiscal Policy

Short Run Phillips Curve

Long Run Phillips Curve

Phillips Curve and Expected Inflation

Phillips Curve and Supply Shocks