Macro: Unit 3.4 -- The Federal Budget

Hey Everyone! I'm Mr. Willis, and You Will Love Economics!

In this video, I will:
- Define basic terminology associated with the federal budget, such as revenue and expenditures
- Explain budget surplus, budget deficit, and a balanced budget
- Discuss cyclical and structural surplus/deficit and how it is associated with periods of
economic expansion and contraction
- Explain the difference between the federal deficit and national debt
- Analyze the parts of the federal budget that are uncontrollable year to year, such as interest
payments on the national debt and expenditures from previous administrations
- Investigate how the use of fiscal policy will affect economic conditions, and well as budgetary
conditions in an aggregate economy

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[TuNguyen-oxlt]

absolutely amazing video . thank you for your hard works .

[juanpatlan]

Me before this video: idk if i love economics

Me after this video: I NOW LOVE ECONOMICS

[mkzhero]

Well, that's the theory, meanwhile in practice...
*insert 'it is fine' burning dog meme*

[ralphleonardo]

Taxing the rich would help balance but year after year effective tax rate and corporate tax rates are all time low since the 30s and 40s