Steven M. Reff
Economics Lecturer
University of Arizona
(2007 - 2016)
The 2015 University of Arizona
Five-Star Faculty Award

Steven Reff's Resume
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Unit 5:  Long-Run Consequences of Stabilization Policies

• Topic 5.1   Fiscal and Monetary Policy Actions in the Short Run
• Topic 5.2   The Phillips Curve
• Topic 5.3   Money Growth and Inflation
• Topic 5.4   Government Deficits and the National Debt
• Topic 5.5   Crowding Out
• Topic 5.6   Economic Growth
• Topic 5.7   Public Policy and Economic Growth
(20% – 30% of the exam)
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Unit 5
LR Consequences of Stabilization Policies
Week 12
Principles of Macroeconomics
Topic 5.4  Government Deficits and National Debt
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Day 1:  Week 12
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Lesson 41:  Economic Growth and Public Policy
Lesson 42:  Economic Growth and Public Policy, Part II
                          (Less-Developed Countries)
Long-Run Consequences of Stabilization Policies (Definitions, Terms, and Formulas)
Economic Growth, Part II (Enlarge Presentations inside eTextbook)
Economic Growth, Part I (Enlarge Presentations inside eTextbook)
Crowding Out Effect Using the Loanable Funds and ASAD Graphs
Topics 5.1 - 5.6 Everything You Have to Know for the May Exam
Economic Growth (PPF Graph and ASAD Graph)
Reffonomics Baseball:  Phillips' Curve and Economic Growth
Economic Growth, Aggregate Production Function, and Formulas
Reffonomics Baseball Rules
Stabilization Policies (40 multiple choice questions)
2015 FRQ #1
FRQ Short Questions -- Unit 5
FRQ LONG Questions -- Unit 5
eVideos -- Short Videos:
eWorkbook Activities Interactive:
Topic 5.7  Public Policy and Economic Growth
Day 2:  Week 12
Day 3:  Week 12
(3 min. or less, along with 3 multiple choice questions)
Topic 5.6  Economic Growth
eTextbook Reading:
eVideos -- Short Videos:
eWorkbook Activities Interactive:
TEST Your Knowledge
(3 min. or less, along with 3 multiple choice questions)
Topic 5.5  Crowding Out (and Crowding In)
Crowding Out and Crowding In Effects
Aggregate Demand Side Shifts (Complementary and Counteracting Policies)
Aggregate Demand Side Shifts (Fiscal Policy)
Aggregate Demand Side Shifts (Monetary Policy)
Day 4:  Week 12
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TEST Your Knowledge
Day 5:  Week 12
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Topic 5.4  Government Deficits and National Debt was covered in
Unit 3: Topic 3.8 Fiscal Policy:  https://reffonomics.com/2024week6macRST.html
https://reffonomics.com/FRQ2000MACRO1zz.html
Easy two-questions FRQ, with important information about Taxes and Government Spending:
The link below is a long FRQ covering the topics of ASAD, Federal Reserve, monetary policy,
money market graph, NIR, fiscal policy change in taxes: