Continuing from a previous video explaining the various budgetary proposals of 2013 in the United States, this video illustrates a more in-depth analysis of the fiscal cliff. It reviews complex concepts such as the pros and cons of reducing federal debt as a percentage of GDP, how increased borrowing and spending may lead to a slight recession or inflation.

Concepts

the federal budget, the united states economy, the federal government, gross domestic product, the national debt, economic indicators, economic principles, recessions, inflation

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Additional Tags

economic stimulus, social studies

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Classroom Considerations

• This video is hosted on YouTube

Pros

• Uses a variety of charts and graphs to help illustrate economic concepts

Cons

• Graphs and concepts discussed may be more appropriate for an advanced or higher-level course
• Learners should have strong foundational knowledge of content-specific vocabulary associated with economics

Common Core

SL.9-10.5 SL.11-12.5 RH.11-12.7