SlideShare a Scribd company logo
Fiscal Policy
Fiscal policy refers to the changes in government’s choices
regarding the overall level of government spending and taxes to
influence the behavior of the economy. Fiscal policy can expand
or contract aggregate demand. The government sometimes uses
the fiscal policy instruments in an attempt to stabilize the
economy. Under a recession, an expansionary fiscal policy is
adopted, which involves lowering taxes and/or increasing
government spending. In an overheated expansion with an
inflationary pressure, a contractionary fiscal policy is utilized,
which requires higher taxes and/or reduced government
spending. Economists and policymakers disagree about how
active the government should be in these fiscal policy efforts.
Based on the above summary and the detailed descriptions of
the fiscal policy issues in the textbook (Chapter 31) discuss the
following questions:
What are the expansionary and contractionary fiscal policies?
What are their policy instruments? How are they used to deal
with the inflationary gap and recessionary gap? Which do you
think is more appropriate today?
Should the government balance its budget? If you think it
should, what steps do you suggest that it take to balance its
budget?
What is the relationship between budget deficits and national
(public) debt? Why has the U.S. national debt been increasing
for decades?
Should the tax laws be reformed to encourage saving? Do you
think consumption tax is better than income tax
please to be 300 words .

More Related Content

Similar to Fiscal PolicyFiscal policy refers to the changes in government’s

Essay On Fiscal Policy
Essay On Fiscal PolicyEssay On Fiscal Policy
Essay On Fiscal Policy
Julie Brown
 
micro vs macro.docx
micro vs macro.docxmicro vs macro.docx
micro vs macro.docx
SaiMeena6
 
Fiscal_Policy and objectives and effects.ppt
Fiscal_Policy and objectives and effects.pptFiscal_Policy and objectives and effects.ppt
Fiscal_Policy and objectives and effects.ppt
noufal51
 
Fiscal_Policy.ppt
Fiscal_Policy.pptFiscal_Policy.ppt
Fiscal_Policy.ppt
PriyaSharma40101
 
Econ 2 essay writing new
Econ 2 essay writing newEcon 2 essay writing new
Econ 2 essay writing new
EconSolutions
 
Fiscal policy
Fiscal policyFiscal policy
Fiscal policy
Faiza Saleem
 
Module 20 economic policy and the aggregate demand aggregate supply model
Module 20  economic policy and the aggregate demand aggregate supply modelModule 20  economic policy and the aggregate demand aggregate supply model
Module 20 economic policy and the aggregate demand aggregate supply modelAmerican School of Guatemala
 
Business Environment
Business Environment Business Environment
Business Environment
T S Kavi Kumar
 
Explain briefly how a contractionary gap OR an expansionary gap is f.pdf
Explain briefly how a contractionary gap OR an expansionary gap is f.pdfExplain briefly how a contractionary gap OR an expansionary gap is f.pdf
Explain briefly how a contractionary gap OR an expansionary gap is f.pdf
rastogiarun
 
FISCAL POLICY.pptx.pdf
FISCAL POLICY.pptx.pdfFISCAL POLICY.pptx.pdf
FISCAL POLICY.pptx.pdf
Jenny Naval
 
Monetary, Fiscal and Income policy – Meaning and instruments
Monetary, Fiscal and Income policy – Meaning and instrumentsMonetary, Fiscal and Income policy – Meaning and instruments
Monetary, Fiscal and Income policy – Meaning and instruments
viveksangwan007
 
Fiscal_Policy (1).ppt
Fiscal_Policy (1).pptFiscal_Policy (1).ppt
Fiscal_Policy (1).ppt
sonalichouhan10
 
Fiscal policy
Fiscal policyFiscal policy
Fiscal policy
Umair Aslam
 
Fiscal policy
Fiscal policyFiscal policy
Expansionary and Contractionary Fiscal Policy.docx
Expansionary and Contractionary Fiscal Policy.docxExpansionary and Contractionary Fiscal Policy.docx
Expansionary and Contractionary Fiscal Policy.docx
G.V.M.GIRLS COLLEGE SONEPAT
 
Macroeconomic Policy Tools
Macroeconomic Policy ToolsMacroeconomic Policy Tools
Macroeconomic Policy Tools
RidaZaman1
 
ME_PPT_Impact_of_Fiscal_Policy_on_Economy.pptx
ME_PPT_Impact_of_Fiscal_Policy_on_Economy.pptxME_PPT_Impact_of_Fiscal_Policy_on_Economy.pptx
ME_PPT_Impact_of_Fiscal_Policy_on_Economy.pptx
AshishKumawat54
 
Fiscal Policy in detail in macroeconomics.ppt
Fiscal Policy in detail in macroeconomics.pptFiscal Policy in detail in macroeconomics.ppt
Fiscal Policy in detail in macroeconomics.ppt
PadamatiPranavsai
 
Fiscal policy by Aakash Tiwari
Fiscal policy by Aakash TiwariFiscal policy by Aakash Tiwari
Fiscal policy by Aakash Tiwari
AAKASH TIWARI
 

Similar to Fiscal PolicyFiscal policy refers to the changes in government’s (20)

Essay On Fiscal Policy
Essay On Fiscal PolicyEssay On Fiscal Policy
Essay On Fiscal Policy
 
micro vs macro.docx
micro vs macro.docxmicro vs macro.docx
micro vs macro.docx
 
Fiscal_Policy and objectives and effects.ppt
Fiscal_Policy and objectives and effects.pptFiscal_Policy and objectives and effects.ppt
Fiscal_Policy and objectives and effects.ppt
 
Fiscal_Policy.ppt
Fiscal_Policy.pptFiscal_Policy.ppt
Fiscal_Policy.ppt
 
Econ 2 essay writing new
Econ 2 essay writing newEcon 2 essay writing new
Econ 2 essay writing new
 
Fiscal policy
Fiscal policyFiscal policy
Fiscal policy
 
Module 20 economic policy and the aggregate demand aggregate supply model
Module 20  economic policy and the aggregate demand aggregate supply modelModule 20  economic policy and the aggregate demand aggregate supply model
Module 20 economic policy and the aggregate demand aggregate supply model
 
Business Environment
Business Environment Business Environment
Business Environment
 
Explain briefly how a contractionary gap OR an expansionary gap is f.pdf
Explain briefly how a contractionary gap OR an expansionary gap is f.pdfExplain briefly how a contractionary gap OR an expansionary gap is f.pdf
Explain briefly how a contractionary gap OR an expansionary gap is f.pdf
 
36
3636
36
 
FISCAL POLICY.pptx.pdf
FISCAL POLICY.pptx.pdfFISCAL POLICY.pptx.pdf
FISCAL POLICY.pptx.pdf
 
Monetary, Fiscal and Income policy – Meaning and instruments
Monetary, Fiscal and Income policy – Meaning and instrumentsMonetary, Fiscal and Income policy – Meaning and instruments
Monetary, Fiscal and Income policy – Meaning and instruments
 
Fiscal_Policy (1).ppt
Fiscal_Policy (1).pptFiscal_Policy (1).ppt
Fiscal_Policy (1).ppt
 
Fiscal policy
Fiscal policyFiscal policy
Fiscal policy
 
Fiscal policy
Fiscal policyFiscal policy
Fiscal policy
 
Expansionary and Contractionary Fiscal Policy.docx
Expansionary and Contractionary Fiscal Policy.docxExpansionary and Contractionary Fiscal Policy.docx
Expansionary and Contractionary Fiscal Policy.docx
 
Macroeconomic Policy Tools
Macroeconomic Policy ToolsMacroeconomic Policy Tools
Macroeconomic Policy Tools
 
ME_PPT_Impact_of_Fiscal_Policy_on_Economy.pptx
ME_PPT_Impact_of_Fiscal_Policy_on_Economy.pptxME_PPT_Impact_of_Fiscal_Policy_on_Economy.pptx
ME_PPT_Impact_of_Fiscal_Policy_on_Economy.pptx
 
Fiscal Policy in detail in macroeconomics.ppt
Fiscal Policy in detail in macroeconomics.pptFiscal Policy in detail in macroeconomics.ppt
Fiscal Policy in detail in macroeconomics.ppt
 
Fiscal policy by Aakash Tiwari
Fiscal policy by Aakash TiwariFiscal policy by Aakash Tiwari
Fiscal policy by Aakash Tiwari
 

More from shantayjewison

You will submit your roles and responsibilities portion of the final.docx
You will submit your roles and responsibilities portion of the final.docxYou will submit your roles and responsibilities portion of the final.docx
You will submit your roles and responsibilities portion of the final.docx
shantayjewison
 
You will now create a database for the following seven tables. You w.docx
You will now create a database for the following seven tables. You w.docxYou will now create a database for the following seven tables. You w.docx
You will now create a database for the following seven tables. You w.docx
shantayjewison
 
You will NOT be able to copy and paste a graph into the Discussion B.docx
You will NOT be able to copy and paste a graph into the Discussion B.docxYou will NOT be able to copy and paste a graph into the Discussion B.docx
You will NOT be able to copy and paste a graph into the Discussion B.docx
shantayjewison
 
You will reply to 2 classmates. Every reply should be 200-300 word.docx
You will reply to 2 classmates. Every reply should be 200-300 word.docxYou will reply to 2 classmates. Every reply should be 200-300 word.docx
You will reply to 2 classmates. Every reply should be 200-300 word.docx
shantayjewison
 
You will now pretend to be Michelangelo and compose a discussion boa.docx
You will now pretend to be Michelangelo and compose a discussion boa.docxYou will now pretend to be Michelangelo and compose a discussion boa.docx
You will now pretend to be Michelangelo and compose a discussion boa.docx
shantayjewison
 
You will benefit most from attending the graded Seminar as an active.docx
You will benefit most from attending the graded Seminar as an active.docxYou will benefit most from attending the graded Seminar as an active.docx
You will benefit most from attending the graded Seminar as an active.docx
shantayjewison
 
you will be researching an historical figure in the public health wo.docx
you will be researching an historical figure in the public health wo.docxyou will be researching an historical figure in the public health wo.docx
you will be researching an historical figure in the public health wo.docx
shantayjewison
 
You will develop a PowerPoint on life span development from infancy .docx
You will develop a PowerPoint on life span development from infancy .docxYou will develop a PowerPoint on life span development from infancy .docx
You will develop a PowerPoint on life span development from infancy .docx
shantayjewison
 
You will conduct an observation for at least 1 hour in a setting.docx
You will conduct an observation for at least 1 hour in a setting.docxYou will conduct an observation for at least 1 hour in a setting.docx
You will conduct an observation for at least 1 hour in a setting.docx
shantayjewison
 
You will be required to do a term paper on one of the topics lis.docx
You will be required to do a term paper on one of the topics lis.docxYou will be required to do a term paper on one of the topics lis.docx
You will be required to do a term paper on one of the topics lis.docx
shantayjewison
 
You will be asked to analyze an organizational culture. This could b.docx
You will be asked to analyze an organizational culture. This could b.docxYou will be asked to analyze an organizational culture. This could b.docx
You will be asked to analyze an organizational culture. This could b.docx
shantayjewison
 
You will accomplish this by writing a 4 pages APA formatted pape.docx
You will accomplish this by writing a 4 pages APA formatted pape.docxYou will accomplish this by writing a 4 pages APA formatted pape.docx
You will accomplish this by writing a 4 pages APA formatted pape.docx
shantayjewison
 
You were recently involved with a penetration test of ACME Corp. tha.docx
You were recently involved with a penetration test of ACME Corp. tha.docxYou were recently involved with a penetration test of ACME Corp. tha.docx
You were recently involved with a penetration test of ACME Corp. tha.docx
shantayjewison
 
You will answer the developmental stages for (Infancy, Early Child.docx
You will answer the developmental stages for (Infancy, Early Child.docxYou will answer the developmental stages for (Infancy, Early Child.docx
You will answer the developmental stages for (Infancy, Early Child.docx
shantayjewison
 
you should include an overview of Mexican society and economic devel.docx
you should include an overview of Mexican society and economic devel.docxyou should include an overview of Mexican society and economic devel.docx
you should include an overview of Mexican society and economic devel.docx
shantayjewison
 
You see a 1-week-old Asian infant for a weight check. The infant is .docx
You see a 1-week-old Asian infant for a weight check. The infant is .docxYou see a 1-week-old Asian infant for a weight check. The infant is .docx
You see a 1-week-old Asian infant for a weight check. The infant is .docx
shantayjewison
 
You shared a very interesting point as it relates to what type of or.docx
You shared a very interesting point as it relates to what type of or.docxYou shared a very interesting point as it relates to what type of or.docx
You shared a very interesting point as it relates to what type of or.docx
shantayjewison
 
You should explain how EA enables each phase, how it fits into.docx
You should explain how EA enables each phase, how it fits into.docxYou should explain how EA enables each phase, how it fits into.docx
You should explain how EA enables each phase, how it fits into.docx
shantayjewison
 
You should retype the given research paper on Mobile Device Protec.docx
You should retype the given research paper on Mobile Device Protec.docxYou should retype the given research paper on Mobile Device Protec.docx
You should retype the given research paper on Mobile Device Protec.docx
shantayjewison
 
You receive a document (linked below) by certified mail. After readi.docx
You receive a document (linked below) by certified mail. After readi.docxYou receive a document (linked below) by certified mail. After readi.docx
You receive a document (linked below) by certified mail. After readi.docx
shantayjewison
 

More from shantayjewison (20)

You will submit your roles and responsibilities portion of the final.docx
You will submit your roles and responsibilities portion of the final.docxYou will submit your roles and responsibilities portion of the final.docx
You will submit your roles and responsibilities portion of the final.docx
 
You will now create a database for the following seven tables. You w.docx
You will now create a database for the following seven tables. You w.docxYou will now create a database for the following seven tables. You w.docx
You will now create a database for the following seven tables. You w.docx
 
You will NOT be able to copy and paste a graph into the Discussion B.docx
You will NOT be able to copy and paste a graph into the Discussion B.docxYou will NOT be able to copy and paste a graph into the Discussion B.docx
You will NOT be able to copy and paste a graph into the Discussion B.docx
 
You will reply to 2 classmates. Every reply should be 200-300 word.docx
You will reply to 2 classmates. Every reply should be 200-300 word.docxYou will reply to 2 classmates. Every reply should be 200-300 word.docx
You will reply to 2 classmates. Every reply should be 200-300 word.docx
 
You will now pretend to be Michelangelo and compose a discussion boa.docx
You will now pretend to be Michelangelo and compose a discussion boa.docxYou will now pretend to be Michelangelo and compose a discussion boa.docx
You will now pretend to be Michelangelo and compose a discussion boa.docx
 
You will benefit most from attending the graded Seminar as an active.docx
You will benefit most from attending the graded Seminar as an active.docxYou will benefit most from attending the graded Seminar as an active.docx
You will benefit most from attending the graded Seminar as an active.docx
 
you will be researching an historical figure in the public health wo.docx
you will be researching an historical figure in the public health wo.docxyou will be researching an historical figure in the public health wo.docx
you will be researching an historical figure in the public health wo.docx
 
You will develop a PowerPoint on life span development from infancy .docx
You will develop a PowerPoint on life span development from infancy .docxYou will develop a PowerPoint on life span development from infancy .docx
You will develop a PowerPoint on life span development from infancy .docx
 
You will conduct an observation for at least 1 hour in a setting.docx
You will conduct an observation for at least 1 hour in a setting.docxYou will conduct an observation for at least 1 hour in a setting.docx
You will conduct an observation for at least 1 hour in a setting.docx
 
You will be required to do a term paper on one of the topics lis.docx
You will be required to do a term paper on one of the topics lis.docxYou will be required to do a term paper on one of the topics lis.docx
You will be required to do a term paper on one of the topics lis.docx
 
You will be asked to analyze an organizational culture. This could b.docx
You will be asked to analyze an organizational culture. This could b.docxYou will be asked to analyze an organizational culture. This could b.docx
You will be asked to analyze an organizational culture. This could b.docx
 
You will accomplish this by writing a 4 pages APA formatted pape.docx
You will accomplish this by writing a 4 pages APA formatted pape.docxYou will accomplish this by writing a 4 pages APA formatted pape.docx
You will accomplish this by writing a 4 pages APA formatted pape.docx
 
You were recently involved with a penetration test of ACME Corp. tha.docx
You were recently involved with a penetration test of ACME Corp. tha.docxYou were recently involved with a penetration test of ACME Corp. tha.docx
You were recently involved with a penetration test of ACME Corp. tha.docx
 
You will answer the developmental stages for (Infancy, Early Child.docx
You will answer the developmental stages for (Infancy, Early Child.docxYou will answer the developmental stages for (Infancy, Early Child.docx
You will answer the developmental stages for (Infancy, Early Child.docx
 
you should include an overview of Mexican society and economic devel.docx
you should include an overview of Mexican society and economic devel.docxyou should include an overview of Mexican society and economic devel.docx
you should include an overview of Mexican society and economic devel.docx
 
You see a 1-week-old Asian infant for a weight check. The infant is .docx
You see a 1-week-old Asian infant for a weight check. The infant is .docxYou see a 1-week-old Asian infant for a weight check. The infant is .docx
You see a 1-week-old Asian infant for a weight check. The infant is .docx
 
You shared a very interesting point as it relates to what type of or.docx
You shared a very interesting point as it relates to what type of or.docxYou shared a very interesting point as it relates to what type of or.docx
You shared a very interesting point as it relates to what type of or.docx
 
You should explain how EA enables each phase, how it fits into.docx
You should explain how EA enables each phase, how it fits into.docxYou should explain how EA enables each phase, how it fits into.docx
You should explain how EA enables each phase, how it fits into.docx
 
You should retype the given research paper on Mobile Device Protec.docx
You should retype the given research paper on Mobile Device Protec.docxYou should retype the given research paper on Mobile Device Protec.docx
You should retype the given research paper on Mobile Device Protec.docx
 
You receive a document (linked below) by certified mail. After readi.docx
You receive a document (linked below) by certified mail. After readi.docxYou receive a document (linked below) by certified mail. After readi.docx
You receive a document (linked below) by certified mail. After readi.docx
 

Recently uploaded

Assignment_4_ArianaBusciglio Marvel(1).docx
Assignment_4_ArianaBusciglio Marvel(1).docxAssignment_4_ArianaBusciglio Marvel(1).docx
Assignment_4_ArianaBusciglio Marvel(1).docx
ArianaBusciglio
 
The Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official PublicationThe Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official Publication
Delapenabediema
 
South African Journal of Science: Writing with integrity workshop (2024)
South African Journal of Science: Writing with integrity workshop (2024)South African Journal of Science: Writing with integrity workshop (2024)
South African Journal of Science: Writing with integrity workshop (2024)
Academy of Science of South Africa
 
Biological Screening of Herbal Drugs in detailed.
Biological Screening of Herbal Drugs in detailed.Biological Screening of Herbal Drugs in detailed.
Biological Screening of Herbal Drugs in detailed.
Ashokrao Mane college of Pharmacy Peth-Vadgaon
 
BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...
BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...
BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...
Nguyen Thanh Tu Collection
 
The basics of sentences session 5pptx.pptx
The basics of sentences session 5pptx.pptxThe basics of sentences session 5pptx.pptx
The basics of sentences session 5pptx.pptx
heathfieldcps1
 
Delivering Micro-Credentials in Technical and Vocational Education and Training
Delivering Micro-Credentials in Technical and Vocational Education and TrainingDelivering Micro-Credentials in Technical and Vocational Education and Training
Delivering Micro-Credentials in Technical and Vocational Education and Training
AG2 Design
 
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
EugeneSaldivar
 
MATATAG CURRICULUM: ASSESSING THE READINESS OF ELEM. PUBLIC SCHOOL TEACHERS I...
MATATAG CURRICULUM: ASSESSING THE READINESS OF ELEM. PUBLIC SCHOOL TEACHERS I...MATATAG CURRICULUM: ASSESSING THE READINESS OF ELEM. PUBLIC SCHOOL TEACHERS I...
MATATAG CURRICULUM: ASSESSING THE READINESS OF ELEM. PUBLIC SCHOOL TEACHERS I...
NelTorrente
 
Unit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdfUnit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdf
Thiyagu K
 
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
IreneSebastianRueco1
 
How to Build a Module in Odoo 17 Using the Scaffold Method
How to Build a Module in Odoo 17 Using the Scaffold MethodHow to Build a Module in Odoo 17 Using the Scaffold Method
How to Build a Module in Odoo 17 Using the Scaffold Method
Celine George
 
Executive Directors Chat Leveraging AI for Diversity, Equity, and Inclusion
Executive Directors Chat  Leveraging AI for Diversity, Equity, and InclusionExecutive Directors Chat  Leveraging AI for Diversity, Equity, and Inclusion
Executive Directors Chat Leveraging AI for Diversity, Equity, and Inclusion
TechSoup
 
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
Levi Shapiro
 
Pride Month Slides 2024 David Douglas School District
Pride Month Slides 2024 David Douglas School DistrictPride Month Slides 2024 David Douglas School District
Pride Month Slides 2024 David Douglas School District
David Douglas School District
 
World environment day ppt For 5 June 2024
World environment day ppt For 5 June 2024World environment day ppt For 5 June 2024
World environment day ppt For 5 June 2024
ak6969907
 
PCOS corelations and management through Ayurveda.
PCOS corelations and management through Ayurveda.PCOS corelations and management through Ayurveda.
PCOS corelations and management through Ayurveda.
Dr. Shivangi Singh Parihar
 
Chapter 4 - Islamic Financial Institutions in Malaysia.pptx
Chapter 4 - Islamic Financial Institutions in Malaysia.pptxChapter 4 - Islamic Financial Institutions in Malaysia.pptx
Chapter 4 - Islamic Financial Institutions in Malaysia.pptx
Mohd Adib Abd Muin, Senior Lecturer at Universiti Utara Malaysia
 
CACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdfCACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdf
camakaiclarkmusic
 
Azure Interview Questions and Answers PDF By ScholarHat
Azure Interview Questions and Answers PDF By ScholarHatAzure Interview Questions and Answers PDF By ScholarHat
Azure Interview Questions and Answers PDF By ScholarHat
Scholarhat
 

Recently uploaded (20)

Assignment_4_ArianaBusciglio Marvel(1).docx
Assignment_4_ArianaBusciglio Marvel(1).docxAssignment_4_ArianaBusciglio Marvel(1).docx
Assignment_4_ArianaBusciglio Marvel(1).docx
 
The Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official PublicationThe Challenger.pdf DNHS Official Publication
The Challenger.pdf DNHS Official Publication
 
South African Journal of Science: Writing with integrity workshop (2024)
South African Journal of Science: Writing with integrity workshop (2024)South African Journal of Science: Writing with integrity workshop (2024)
South African Journal of Science: Writing with integrity workshop (2024)
 
Biological Screening of Herbal Drugs in detailed.
Biological Screening of Herbal Drugs in detailed.Biological Screening of Herbal Drugs in detailed.
Biological Screening of Herbal Drugs in detailed.
 
BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...
BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...
BÀI TẬP BỔ TRỢ TIẾNG ANH GLOBAL SUCCESS LỚP 3 - CẢ NĂM (CÓ FILE NGHE VÀ ĐÁP Á...
 
The basics of sentences session 5pptx.pptx
The basics of sentences session 5pptx.pptxThe basics of sentences session 5pptx.pptx
The basics of sentences session 5pptx.pptx
 
Delivering Micro-Credentials in Technical and Vocational Education and Training
Delivering Micro-Credentials in Technical and Vocational Education and TrainingDelivering Micro-Credentials in Technical and Vocational Education and Training
Delivering Micro-Credentials in Technical and Vocational Education and Training
 
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...TESDA TM1 REVIEWER  FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
TESDA TM1 REVIEWER FOR NATIONAL ASSESSMENT WRITTEN AND ORAL QUESTIONS WITH A...
 
MATATAG CURRICULUM: ASSESSING THE READINESS OF ELEM. PUBLIC SCHOOL TEACHERS I...
MATATAG CURRICULUM: ASSESSING THE READINESS OF ELEM. PUBLIC SCHOOL TEACHERS I...MATATAG CURRICULUM: ASSESSING THE READINESS OF ELEM. PUBLIC SCHOOL TEACHERS I...
MATATAG CURRICULUM: ASSESSING THE READINESS OF ELEM. PUBLIC SCHOOL TEACHERS I...
 
Unit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdfUnit 2- Research Aptitude (UGC NET Paper I).pdf
Unit 2- Research Aptitude (UGC NET Paper I).pdf
 
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
 
How to Build a Module in Odoo 17 Using the Scaffold Method
How to Build a Module in Odoo 17 Using the Scaffold MethodHow to Build a Module in Odoo 17 Using the Scaffold Method
How to Build a Module in Odoo 17 Using the Scaffold Method
 
Executive Directors Chat Leveraging AI for Diversity, Equity, and Inclusion
Executive Directors Chat  Leveraging AI for Diversity, Equity, and InclusionExecutive Directors Chat  Leveraging AI for Diversity, Equity, and Inclusion
Executive Directors Chat Leveraging AI for Diversity, Equity, and Inclusion
 
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
 
Pride Month Slides 2024 David Douglas School District
Pride Month Slides 2024 David Douglas School DistrictPride Month Slides 2024 David Douglas School District
Pride Month Slides 2024 David Douglas School District
 
World environment day ppt For 5 June 2024
World environment day ppt For 5 June 2024World environment day ppt For 5 June 2024
World environment day ppt For 5 June 2024
 
PCOS corelations and management through Ayurveda.
PCOS corelations and management through Ayurveda.PCOS corelations and management through Ayurveda.
PCOS corelations and management through Ayurveda.
 
Chapter 4 - Islamic Financial Institutions in Malaysia.pptx
Chapter 4 - Islamic Financial Institutions in Malaysia.pptxChapter 4 - Islamic Financial Institutions in Malaysia.pptx
Chapter 4 - Islamic Financial Institutions in Malaysia.pptx
 
CACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdfCACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdf
 
Azure Interview Questions and Answers PDF By ScholarHat
Azure Interview Questions and Answers PDF By ScholarHatAzure Interview Questions and Answers PDF By ScholarHat
Azure Interview Questions and Answers PDF By ScholarHat
 

Fiscal PolicyFiscal policy refers to the changes in government’s

  • 1. Fiscal Policy Fiscal policy refers to the changes in government’s choices regarding the overall level of government spending and taxes to influence the behavior of the economy. Fiscal policy can expand or contract aggregate demand. The government sometimes uses the fiscal policy instruments in an attempt to stabilize the economy. Under a recession, an expansionary fiscal policy is adopted, which involves lowering taxes and/or increasing government spending. In an overheated expansion with an inflationary pressure, a contractionary fiscal policy is utilized, which requires higher taxes and/or reduced government spending. Economists and policymakers disagree about how active the government should be in these fiscal policy efforts. Based on the above summary and the detailed descriptions of the fiscal policy issues in the textbook (Chapter 31) discuss the following questions: What are the expansionary and contractionary fiscal policies? What are their policy instruments? How are they used to deal with the inflationary gap and recessionary gap? Which do you think is more appropriate today? Should the government balance its budget? If you think it should, what steps do you suggest that it take to balance its budget? What is the relationship between budget deficits and national (public) debt? Why has the U.S. national debt been increasing for decades? Should the tax laws be reformed to encourage saving? Do you think consumption tax is better than income tax
  • 2. please to be 300 words .