Transcript rohlf ch12 images

Chapter 12:
Fiscal Policy
Introduction to Economic Reasoning, Eighth Edition
William D. Rohlf, Jr.
© 2011 Pearson Education, Inc.
All Rights Reserved
EXHIBIT 12.1
Federal Budget for 2010 (billions of
Dollars)
Introduction to Economic Reasoning, Eighth Edition
William D. Rohlf, Jr.
© 2011 Pearson Education, Inc.
All Rights Reserved
12-2
EXHIBIT 12.2
Recessionary and Inflationary Gaps
Introduction to Economic Reasoning, Eighth Edition
William D. Rohlf, Jr.
© 2011 Pearson Education, Inc.
All Rights Reserved
12-3
EXHIBIT 12.3
Using Discretionary Fiscal Policy
Introduction to Economic Reasoning, Eighth Edition
William D. Rohlf, Jr.
© 2011 Pearson Education, Inc.
All Rights Reserved
12-4
EXHIBIT 12.4
The Public Debt and Interest Payments
in Relation to Gross Domestic Product
Introduction to Economic Reasoning, Eighth Edition
William D. Rohlf, Jr.
© 2011 Pearson Education, Inc.
All Rights Reserved
12-5
EXHIBIT 12.4 (continued)
The Public Debt and Interest Payments
in Relation to Gross Domestic Product
Introduction to Economic Reasoning, Eighth Edition
William D. Rohlf, Jr.
© 2011 Pearson Education, Inc.
All Rights Reserved
12-6