Macro 5.4 & 5.5 Deficits, Debt, and Crowding Out

This video covers topic 5.4 and 5.5 of the AP Macroeconomics Course Exam Description (CED). This video is all about the national debt, budget deficits and surpluses, as well as crowding out. It covers the impact on the loanable funds market as well as the AS/AD model.

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I would like to acknowlege the work of Dick Brunelle and Steven Reff from Reffonomics.com who’s work inspired many of the review games on ReviewEcon.com. I would also like to thank Francis McMann, James Chasey, and Steven Reff who taught me how to be an effective AP Economics teacher at AP summer institutes; as well as the countless high school teachers, and college professors from the AP readings, economics facebook groups, and #econtwitter.