1. Fiscal Policy and Aggregate Demand
   1. Shifting the Aggregate Demand Curve
   2. Multiplier Effects
   3. Government Spending Financed by Tax Increases
   4. Government Spending Financed by Borrowing
   5. Crowding Out
2. Fiscal Policy in the United States
   1. The Budget Process
   2. The Historical Record
   3. Deficits and the National Debt
   4. Automatic Stabilizers
3. Fiscal Policy in Different Countries
   1. Government Spending
   2. Taxation

Summary/Key Terms/Exercises