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Dec 18, 2023 · Fiscal policy refers to the use of government spending and tax policies to influence economic conditions, especially macroeconomic conditions. It is based on the ideas of John Maynard Keynes, who argued that governments could stabilize the business cycle and regulate economic output by adjusting spending and tax policies. Learn more about expansionary and contractionary fiscal policies, their tools, and their effects.
Fiscal policy is the government's use of spending and taxing to influence the economy. Learn about the different types of fiscal spending, the history of fiscal policy development, and how it affects the economic cycle.
Aug 29, 2023 · Fiscal policy is the use of spending levels and tax rates to influence a nation's economy. It is the sister strategy to monetary policy, where a government or central bank adjusts the money supply to influence economic activity. Learn how fiscal policy works, how it must be monitored, and how it affects different people in an economy.
- Leslie Kramer
- 2 min
Oct 28, 2021 · Fiscal policy is the use of government spending and taxation to influence the country’s economy. It works along with monetary policy, which addresses interest rates and the supply of money in circulation. Learn about the history, types, and effects of fiscal policy, and how it relates to expansion, contraction, and inflation.
- Robert Longley
In economics and political science, fiscal policy is the use of government revenue collection ( taxes or tax cuts) and expenditure to influence a country's economy. The use of government revenue expenditures to influence macroeconomic variables developed in reaction to the Great Depression of the 1930s, when the previous laissez-faire approach ...
Fiscal policy is the means by which the government adjusts its budget balance through spending and revenue changes to influence broader economic conditions. According to mainstream economics, the government can affect the level of economic activity—generally measured by gross domestic product (GDP)—in the short term by changing its levels ...
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the use of policy (such as fiscal policy or monetary policy) to reduce the severity of recessions and excessively strong expansions; the goal of stabilization policy is not to eliminate the business cycle, just to smooth it out. fiscal policy. the use of taxes, government spending, and government transfers to stabilize an economy; the word ...
