In the short run, increasing federal spending and/or reducing taxes can promote more employment and output, but these polices also put upward pressure on the price level and interest rates. Decreased federal spending and/or increased taxes tend to lower price levels and interest rates, but they reduce employment and output levels in the short run.
Standard detail
2.
Benchmark
Depth 1Parent ID: 995449DB1E544264ACFF2278BCBCDBCAStandard set: Grades 9, 10, 11, 12
Original statement
Quick facts
- Statement code
- 2.
- List ID
- 2.
- Standard ID
- A779A49C4ECD409689B89B4E4A8D348A
- ASN identifier
- S2604880
- Subject
- Economics
- Grades
- 09, 10, 11, 12
- Ancestor IDs
- 995449DB1E544264ACFF2278BCBCDBCA
- Source document
- Voluntary National Content Standards in Economics (2010)
- License
- CC BY 3.0 US