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- https://socialsci.libretexts.org/Under_Construction/Purgatory/Book%3A_American_Government_(OpenStax)/16%3A_Domestic_Policy/16.06%3A_Budgeting_and_Tax_Policy. This was in addition to the country’s almost $19 trillion of total debt—the amount of money the government owes its creditors—at the end of 2015, according to the Department of the Treasury. These b.... This was in addition to the country’s almost $19 trillion of total debt—the amount of money the government owes its creditors—at the end of 2015, according to the Department of the Treasury. These brackets are somewhat distorted by the range of tax credits, deductions, and incentives the government offers, but the net effect is that the top income earners pay a greater portion of the overall income tax burden than do those at the lowest tax brackets.
- https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/33%3A_Economic_Crises/33.2%3A_Economic_CrisesBanks, consumers, and the government all contributed to improper borrowing and lending, which in turn created a downward spiraling economy.
- https://socialsci.libretexts.org/Workbench/Introduction_to_Macroeconomics/02%3A_Measuring_National_Income/2.05%3A_Tracking_Real_GDP_over_TimeThe severe drop in GDP that occurred during the Great Depression of the 1930s is clearly visible in the figure, as is the Great Recession of 2008–2009. The highest point of the economy, before the rec...The severe drop in GDP that occurred during the Great Depression of the 1930s is clearly visible in the figure, as is the Great Recession of 2008–2009. The highest point of the economy, before the recession begins, is called the peak; conversely, the lowest point of a recession, before a recovery begins, is called the trough.
- https://socialsci.libretexts.org/Bookshelves/Economics/Principles_of_Macroeconomics_3e_(OpenStax)/11%3A_The_Aggregate_Demand_Aggregate_Supply_Model/11.05%3A_Shifts_in_Aggregate_DemandAn increase in government spending or a cut in taxes that leads to a rise in consumer spending can also shift AD to the right. (b) A decrease in consumer confidence or business confidence can shift AD...An increase in government spending or a cut in taxes that leads to a rise in consumer spending can also shift AD to the right. (b) A decrease in consumer confidence or business confidence can shift AD to the left, from AD 0 to AD 1 . When AD shifts to the left, the new equilibrium (E 1 ) will have a lower quantity of output and also a lower price level compared with the original equilibrium (E 0 ).
- https://socialsci.libretexts.org/Bookshelves/Sociology/Introduction_to_Sociology/Introductory_Sociology_1e_(OpenStax)/18%3A_Work_and_the_Economy/18.02%3A_Economic_SystemsThe dominant economic systems of the modern era are capitalism and socialism, and there have been many variations of each system across the globe. Countries have switched systems as their rulers and e...The dominant economic systems of the modern era are capitalism and socialism, and there have been many variations of each system across the globe. Countries have switched systems as their rulers and economic fortunes have changed. In the past, other economic systems reflected the societies that formed them. Many of these earlier systems lasted centuries. These changes in economies raise many questions for sociologists.
- https://socialsci.libretexts.org/Bookshelves/Sociology/Introduction_to_Sociology/Introductory_Sociology_3e_(OpenStax)/18%3A_Work_and_the_Economy/18.02%3A_Economic_SystemsThe dominant economic systems of the modern era are capitalism and socialism, and there have been many variations of each system across the globe. Countries have switched systems as their rulers and e...The dominant economic systems of the modern era are capitalism and socialism, and there have been many variations of each system across the globe. Countries have switched systems as their rulers and economic fortunes have changed. In the past, other economic systems reflected the societies that formed them. Many of these earlier systems lasted centuries. These changes in economies raise many questions for sociologists.
- https://socialsci.libretexts.org/Bookshelves/Economics/Principles_of_Macroeconomics_3e_(OpenStax)/19%3A_Macroeconomic_Policy_Around_the_World/19.04%3A_Causes_of_Unemployment_around_the_WorldWe can categorize the causes of unemployment in the world's high-income countries in two ways: either cyclical unemployment caused by the economy when in a recession, or the natural rate of unemployme...We can categorize the causes of unemployment in the world's high-income countries in two ways: either cyclical unemployment caused by the economy when in a recession, or the natural rate of unemployment caused by factors in labor markets, such as government regulations regarding hiring and starting businesses.
- https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/18%3A_Introduction_to_Macroeconomics/18.1%3A_Key_Topics_in_MacroeconomicsMacroeconomics is a branch of economics that focuses on the behavior and decision-making of an economy as a whole.
- https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/20%3A_Economic_Growth/20.2%3A_Assessing_GrowthEconomic growth is the increase in the market value of goods and services produced by an economy over time; the percentage rate of increase in the GDP.
- https://socialsci.libretexts.org/Bookshelves/Political_Science_and_Civics/American_Government_3e_(OpenStax)/16%3A_Domestic_Policy/16.06%3A_Budgeting_and_Tax_Policygovernment needed to borrow to pay its bills in 2016 was still in excess of $400 billion 29 . This was in addition to the country’s almost $19 trillion of total debt—the amount of money the government...government needed to borrow to pay its bills in 2016 was still in excess of $400 billion 29 . This was in addition to the country’s almost $19 trillion of total debt—the amount of money the government owes its creditors—at the end of 2015, according to the Department of the Treasury.
- https://socialsci.libretexts.org/Workbench/Introduction_to_Macroeconomics/09%3A_The_AD_AS_Model/9.05%3A_Shifts_in_Aggregate_DemandAn increase in government spending or a cut in taxes that leads to a rise in consumer spending can also shift AD to the right. (b) A decrease in consumer confidence or business confidence can shift AD...An increase in government spending or a cut in taxes that leads to a rise in consumer spending can also shift AD to the right. (b) A decrease in consumer confidence or business confidence can shift AD to the left, from AD 0 to AD 1 . When AD shifts to the left, the new equilibrium (E 1 ) will have a lower quantity of output and also a lower price level compared with the original equilibrium (E 0 ).
