Macro 3.2- Inflationary and Recessionary Gaps with Fiscal and Monetary Policy AP Macro

Mr. Cliff from ACDC Econ explains key macroeconomic concepts, focusing on aggregate demand and supply. He discusses inflationary and recessionary gaps, highlighting their impact on unemployment and GDP. The video covers fiscal policy measures like government spending and taxes to address these gaps. Additionally, it introduces monetary policy, explaining how changes in the money supply affect interest rates and investment. The goal is to understand these concepts to solve economic problems using fiscal and monetary policies.

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