By the end of this section, you will be able to: Explain what the expenditure-output model/Keynesian cross diagram shows and what the equilibrium point on the diagram represents. Analyze the consumption function, investment function,...

Short, but comprehensive, synopsis of Clinton's two terms as president. Included in the article is the 1992 campaign, successful and controversial legislation, and the scandals that would eventually become part of his presidential legacy.

A good explanation of the 1990 Budget Enforcement Act that raised taxes and installed caps for discretionary spending.

This article examines each component of aggregate demand from the Keynesian perspective. Includes a table summarizing the information in the article, review questions, and critical thinking questions.

The Joint Economic Committee, composed of memebers from both the United States Senate and the House of Representatives, reviews economic conditions and recommends improvements in economic policy. The content of the website includes...

This video teaches the concept of Fiscal Policy. Fiscal policy refers to how government taxing and spending policy can be used to influence the macroeconomy. The website contains an interactive quiz and links for related lesson plans.

Learn about the different types of expenses that the U.S. budget must pay for and try your hand at balancing the federal budget.

Read about the privileges and powers exercised by Congress from a constitutional law perspective. Includes examples of many cases which have tested the limits of Congressional power in the history of the United States. Many links to...

With very few exceptions, the U.S. federal government does not have an "income" to spend providing goods and services. The money used for federal spending programs must be collected as federal taxes, or it must be borrowed. This activity...

Read a review of what Reaganomics entailed, and the longterm results of a failed theory.