Students will be able to: Describe the immediate benefits of a fiscal stimulus when an economy is in a recession. They explain the long-term costs of a fiscal stimulus when an economy is in a recession. By comparing the immediate benefits to the long-term costs, students will decide if a fiscal stimulus is warranted during recessions (USA: EconEd 2021).

Students will understand that military intervention, especially against a nuclear-armed country such as Russia, carries huge risk, but so, too, does the decision not to intervene directly (USA: Council on Foreign Relations 2022).