How To Fix An Economic Crisis: Fiscal Policy

How To Fix An Economic Crisis: Fiscal Policy

Assessment

Interactive Video

Business, Social Studies

7th - 12th Grade

Hard

Created by

Quizizz Content

FREE Resource

The video tutorial discusses fiscal policies, focusing on contractionary and expansionary approaches. Contractionary policy involves taxing more than spending during economic prosperity, while expansionary policy reduces taxes to stimulate spending. Fiscal stimulus, like direct cash payments or infrastructure projects, can boost the economy through the multiplier effect. However, supply-side crises pose challenges, as they can lead to inflation and require different government interventions.

Read more

1 questions

Show all answers

1.

OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

Evaluate responses using AI:

OFF