Main content
AP Macro: POL‑1.A (LO), POL‑1.A.1 (EK), POL‑1.A.2 (EK), POL‑1.A.3 (EK), POL‑1.A.4 (EK), POL‑1.A.5 (EK), POL‑1.A.6 (EK), POL‑1.A.7 (EK), POL‑1.B (LO), POL‑1.B.1 (EK)
In this lesson summary review and remind yourself of the key terms, calculations, and graphs related to fiscal policy. Topics include how taxes and spending can be used to close an output gap, how to model the effect of a change in taxes or spending using the AD-AS model, and how to calculate the amount of spending or tax change needed to close an output gap.
AP® is a registered trademark of the College Board, which has not reviewed this resource.