Fiscal Policy – the Crowding-out Effect

Previous lessons on fiscal policy have explored the multiplier effects resulting from increases in government spending and decreases in taxes. This video will examine the possibility that expansionary fiscal policy, when financed by a budget deficit, will actually result in less private sector spending, i.e. “crowding-out” of the private sector. When governments borrow to pay for a stimulus, this drives up borrowing costs for households and firms, reducing the amount of consumption and investment. The crowding-out effect reduces the effectiveness of expansionary policies aimed at increasing the total demand for a nation’s output.

Once you’ve watched this video, learn more about the crowding-out effect by reading one of the following blog posts and responding to the discussion questions included:

Leave a Reply

  • hot college girl seduces soldiers fuck
  • Ugly teen nude
  • Hardcore xxx sex movies
  • big black booty and sexy toes
  • young fresh fuck free mpeg
  • wife having sex pics
  • Perfect sexy ebony teen ass
  • ebony pictures naked
  • couple swinger vids
  • teen girls with older man sex
  • korean song lyrics boy girl
  • pussy upskirt flash
  • young teen ashlie
  • Ass sex movies
  • teen with curves fuck
  • teen bikini loose top
  • girls fingering sleeping girls
  • shilpa shetty nude photo
  • hardcore leasbian
  • adult small girls breasts
  • oma old pussy
  • asian lesbian video free
  • dick suck black
  • gallery amateur string
  • naked indian girls and amateur
  • petit teen sex vids
  • hot asian girls photos
  • sexy young boy and girl alone
  • free teen orgasm vids
  • amateur coiples videos
  • black teen anal fisting
  • Gallery hardcore picture sex teenage
  • viet anal fuck
  • lesbian mom daughter movie
  • long free interracial movies
  • Sexy tamil girls photos
  • japanese teen blowjob vids
  • friend cums in my wife video
  • sex swingers for bi sex
  • young nubile sex pics
  • Fake sex photos
  • shemale sex hardcore photo gallery free
  • naked pussy chi chi
  • free young tight sex
  • erotic schoolgirl stories lactation
  • mature women seducing younger women
  • weird fat pussy
  • Anal fisting slut
  • old indian man fucks young girl
  • womens petite xxl dresses
  • young girls sucking coks
  • xxx dig dick deap throat
  • ebony lesbian bukake
  • free skinny anal
  • girl bondage sex videos
  • mature moms and daughters videos
  • naked free post pictures
  • totally fre video
  • teen anal hennesey
  • Rihanna nude pics leak
  • shy cute teen full video fuck
  • booty anal sex movie
  • threesome sex video
  • lesbian single girl
  • black pussy express
  • rubber hardcore sex movies
  • swinger wife movies
  • free movies with sex
  • forced to suck cock galleries
  • asian girls getting pussies fingered
  • home made softcore movie
  • japan girl train grope molest video
  • Nude chicks video
  • very young aacup nude picture
  • xxx teen pictures
  • young sexy girls models
  • cupples looking for girls sex
  • fre teen ebony
  • free teen pussy booty ass pics
  • giant pussy shaved
  • free bbw video
  • womens petite x cotton sweats
  • Sex and sexy girls
  • Goth girl fucking
  • Adrianne barbeau nude pics
  • hot french teen fuck
  • blonde babes video
  • sex stories black men
  • mature nudes and sex
  • young ebony teens x tubes
  • black girls pink area
  • princess teen girls diapers
  • quivira petite syrah
  • shemal fuck pussy
  • hot girl stripping naked
  • young gag
  • britney spears new video topless
  • little girl d sex
  • wife loves sex wirh birg sexs
  • british sex movie free full length
  • bitch screams loud pussy
  • teen getting anal fisted
  • amateur anal sex video free
  • couples webcam jobs
  • belly dancing sexy tits
  • Sex teen vids
  • Student sex
  • i fuck my mommy videos
  • hot wife black man
  • Beautiful teens fuck
  • free young teenie vids
  • Naked girls home
  • co ed lesbian sex videos previes
  • Girls milking boobs
  • amateur video mature hirsute
  • Redhead nude photos
  • twlight sex video
  • strap on chicks videos
  • glamour models black cock
  • tall petite naked girls
  • adult amateur videos sex
  • young asain sexy dance
  • kitty lea pussy
  • Teens fucking huge cocks
  • sexy blond fuck
  • adeanna cooke naked videos
  • anal stories
  • extremely hot lesbian girls
  • big wet butts xxx
  • hot black chick video
  • tiny tits girlie
  • hoot girls tits
  • pool party albums bikini
  • free handjob movie collection
  • naked schoolgirls video
  • black dick and white women stories
  • free amateur drunk girlfriend
  • black on live webcam
  • Julia roberts sex movies
  • yoga sex video
  • home video cum facial
  • hollywood video black friday sale
  • teen kasia photos and galleries
  • elite teen pics
  • suck it xxx
  • free self suck vids
  • Sexy ass girls in thongs
  • younger ass sites
  • girl wrestle videos
  • ghost sex with sleeping girl
  • Nude lesbian vids
  • snorg girl naked
  • pussy willow buds branch spray decorations
  • streaming video free lesbian
  • japan grand prix adult movie
  • sex machines vids
  • mature big boob vids
  • sexy naked women tits hot
  • young men hard cocks lick pussy
  • teen star magazine pics
  • boobs and a hot girl
  • Lesbian sex sexy kiss
  • hardcore hien video
  • chelsea can suck a united dick
  • hardcore granny sex
  • Sister sex images
  • what to test anal sex with
  • girls skirt party
  • amateur downblouse video
  • danger facial triangle picture
  • free long mature sexy
  • xxx hardcore virgins
  • electronic pussy stimulation
  • yee teen so so young
  • free amateur long sex movies
  • Young nude images
  • amateur xxx thumbs free
  • gorgeous bikini fuck video
  • teen sex group pics
  • black boobs movies
  • pictures of dripping pussy
  • easiest anal sex position
  • blackstripper fuck the bride to be
  • chubby black shemale mpegs
  • california babes movies
  • free naked black men videos
  • ludicris pussy poppin
  • free lesbiab
  • cock sex blonde ass
  • best homemade fuck videos
  • asian abused by doctor video
  • Jessica lynn big tits in sports
  • Girl getting fucked hardcore
  • Sex beach pictures
  • forced fuck movie videos
  • lb girls sexy skinny
  • Her fist lesbian sex
  • naked girl live webcam
  • How to approach a girl for sex
  • homemade mature wife sex
  • naked picture of asafa powell
  • teen girls bikini gallery
  • free teen babe galleries
  • young japanese blowjob
  • hentia girls with dicks
  • girl gets drilled in the ass
  • asian picure archives
  • susie sparks spreading her pussy
  • real young amateur thumbs
  • pussy thong fucked
  • mature woman with lads free movies
  • i like fucking black teens
  • vibrator in pussy and ass
  • hard fuck site
  • exhibition couple amateur photo video
  • japanese erotic tubes
  • softcore beach video
  • free albino girl movie
  • asian tragedy movies
  • fantasy cougar teen boy blowjob
  • facial cum gallery
  • american teen xxx video
  • girls moaning and screaming during sex
  • petite teen hardcore
  • redhead muscle girls nude pics
  • Nude teenage female beachgoers
  • wet pussy girlfriend
  • asian teen kyoto hardcore
  • army women sex pics
  • kagome and inuyasha sex pictures
  • busty mature strap on lesbian tube
  • hardcore movies
  • ladies kissing girls pussy
  • frre home fuck movies
  • skinny girl cuming video
  • granny mature xxx freepics
  • weirdest thing put in pussy
  • nude models pussy
  • xvideo dark chocolate pussy
  • blonde sexy women
  • free ebony couples
  • Asian pussy lesbian
  • Hot babs girls
  • big booty sex vids
  • teen erotic milf
  • Pretty indian girls
  • interracial jizz videos
  • free japan av models video
  • mature black woman in tube
  • shemale fuck girl free xxx
  • japanese girl squid xxx
  • grade school upskirt pussy
  • xxx young ass teen free videos
  • erotic confessions movie
  • Girl public sex
  • video girls fucking a bottle
  • wife fucked in the ass videos
  • love younger girls
  • hottest redhead anal sex
  • Young ass videos
  • young hot teen girls fucked hard
  • dare wife pictures
  • free videos of sleeping sex
  • wife strip for husband video
  • girl sling bikini
  • hot young teen sex
  • young black girls stripping
  • hot cartoon girls xxx
  • girls that pay you for sex
  • hardcore star fucked
  • things teenage girls say
  • young old interracial
  • celebirty videos
  • asian hardcore anal pussy
  • sexy cartoons girls
  • bree olsen pussy
  • couple filmed in public oral sex
  • black man for my wife
  • girls pedal pumping videos
  • female ebony muscle stars
  • free naked teen girl galleries
  • amateur anal babe
  • free amateur women pics
  • Wow nude patch pictures
  • sexy women naked and having sex
  • teen girls online sex webcam
  • Ebony teen booty