Budget Deficits And Fiscal Policy: Part 1/5 @EconJohnTutor

Uploaded January 2021 | Updated September 2026, 1 week ago

In this video we start our discussion of understanding government budget deficits and fiscal policy by defining the limits of what goverment can do through defining its budget constraint. We also discuss some issues with measurement of deficit specifically talking about why we cant just employ usual deflation by the price level.

Budget Deficits And Fiscal Policy: Part 1/5

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