Learn how the fiscal multiplier impacts GDP, understand its formula, and see real-world examples of fiscal policies affecting national income and economic recovery.

Learn how changes in fiscal policy, like government spending or tax rates, can multiply economic growth by increasing GDP and triggering consumer spending.

When I was a kid in church youth group, we sang a song about a magic penny and it goes like this: “Love is like a magic penny. Hold it tight and you won’t have any. Give it away and you’ll have many…” ...