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This issue of Page One Economics: Focus on Finance explains how the Treasury Offset Program recovers taxpayer money from people who have received government benefits in error or by fraud and also recovers delinquent child support.
How does the economy get back on track when it’s off course? In this episode of The Economic Lowdown podcast series, you’ll learn about how the government uses fiscal policy to influence the economy.
The COVID-19 pandemic induced an economic recession that started in February 2020 and ended in April 2020.
The onset of the COVID-19 pandemic changed consumer spending habits. The January 2021 issue of Page One Economics® reviews how people substituted meals purchased at restaurants with meals cooked at home. Also, people traveled less and the demand for hotel services decreased. As a result, both employment and prices declined in the leisure and hospitality industry.
The Federal Reserve (Fed) is the central bank of the United States. Its congressionally mandated objectives are to promote maximum employment and price stability. This lesson focuses on how the Federal Open Market Committee (FOMC) conducts monetary policy to achieve this dual mandate.
Potential output is an estimate of what the economy could produce. Actual output is what the economy does produce. If actual is below potential a negative output gap there is “slack” in the economy.
History holds many economic lessons. The Great Depression, in particular, is an event that provides the opportunity to teach and learn a great deal about economics-whether you're studying the economic reasons that the Depression took place, the factors that helped it come to an end or the impact on Americans who lived through it. This curriculum is designed to provide teachers with economic lessons that they can share with their students to help them understand this significant experience in U.S. history.
FRED® (Federal Reserve Economic Data) provides access to a wide range of time-series data. Several of those series signal stress levels in financial markets and the probability of economic recession. This Special Edition of Page One Economics® describes indexes of financial and economic recession risk to new data users and can serve as a reference to advanced data users.
The Federal Reserve (the Fed) and its monetary policy tools have a significant presence in economics standards, textbooks, and curricula. The Fed has changed the way it implements monetary policy, but many of the recent changes are not reflected in teaching resources. This special issue of Page One Economics® is intended to provide information and teaching guidance for educators as they transition to teaching about the new tools of monetary policy.
Changes in gross domestic product (GDP) represent increases or decreases in the production of goods and services and are the headline indicator of overall economic conditions. In this interactive lesson, students learn to visualize the growth rate of GDP and use a FRED graph to play the FREDcast forecasting game.