GDP, Business Cycles, and Fiscal Policy- EconMovies #5: Cars (Reupload)
- Published on May 1, 2019
- Hey econ students! This is Jacob Clifford. In this episode of EconMovies, I use the movie Cars to introduce the idea of GDP, the business cycle, recession, and fiscal policy. Good luck studying economics. Kachow!
:13 Micro v. Macro
1:47 Components of GDP
3:03 Business Cycle (Expansion, Peak, Recession, Trough)
4:01Fiscal Policy: (1) Increase G or (2) Cut Taxes