What happens to consumption, aggregate demand and gdp when the federal government enacts fiscal policy

Fiscal policy directly affects the aggregate demand of an economy. Recall that aggregate demand is the total number of final goods and services in an economy, which include consumption, investment, government spending, and net exports. Fiscal policy has an effect on each of these categories.

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a series circuit is one with all the loads in a row. there is only one path for the electricity to flow. if this circuit was a string of light bulbs, and one blew out, the remaining bulbs would turn off.

unlike in series circuits, a charge in a parallel circuit encounters a single voltage drop during its path through the external circuit. the current through a given branch can be predicted using the ohm's law equation and the voltage drop across the resistor and the resistance of the resistor.

a parallel circuit has certain characteristics and basic rules: a parallel circuit has two or more paths for current to flow through. voltage is the same across each component of the parallel circuit.

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