Pay It Forward

Media Type: Film Clips Topic: Economic Crisis, Monetary & Fiscal Policy

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When Keynes first put forth the multiplier, it helped to reshape macroeconomics. Pay It Forward extends Keynes’ remarkable idea by suggesting that if each of us identified and helped three other persons to do something that they could not do themselves that the world would be a much better place. The parallels between the clip and Keynes’ multiplier allow the instructor to develop the theoretical and practical dimensions of fiscal policy. This clip is a must play when discussing the effectiveness of fiscal stimulus.

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