Search CEE. Fiscal policy is the use of government spending and taxation to influence the economy. When the government decides on the goods and services it purchases, the transfer payments it distributes, or the taxes it collects, it is engaging in fiscal policy.
http://www.econlib.org/library/Enc/FiscalPolicy.html
Fiscal policy is said to be tight or contractionary when revenue is higher than spending (i.e., the government budget is in surplus) and loose or expansionary when spending is higher than revenue (i.e., the budget is in deficit). Often, the focus is not on the level of the deficit, but on the change in the deficit.
http://www.econlib.org/library/Enc/FiscalPolicy.html
Now, the word 'fiscal' means 'budget' and refers to the government's budget. Fiscal policy, therefore, is the use of government spending, taxation and transfer payments to influence aggregate demand and, therefore, real GDP.
http://study.com/academy/lesson/fiscal-policy-tools-government-spending-and-taxes.html
unemployment increases and inflation decreases. Question 8 1 / 1 point. If a country’s GDP increases, but its debt decreases during that year, then the country’s debt to GDP ratio for the year will _______________ in proportion to the magnitude of the changes. Question options: a)
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U.S. Government and Politics Glossary. Glossary of Terms in U.S. Government & Politics. absentee ballot - A ballot, usually sent in the mail, that allows those who cannot go to their precinct on election day to vote. absolutism - The belief that the government should have all the power and be able to do whatever it wants.
http://www.sparknotes.com/us-government-and-politics/glossary/terms.html
The word 'fiscal' means 'budget' and refers to the government budget. Fiscal policy is therefore the use of government spending, taxation and transfer payments to influence aggregate demand. These are the three tools inside the fiscal policy toolkit.
http://study.com/academy/lesson/fiscal-policy-tools-government-spending-and-taxes.html
constituency - The people in a district represented by a legislator. constitution - A set of rules that govern how power will be distributed and used legitimately in a state. constitutional democracy - A type of government characterized by limitations on government power spelled out in a constitution.
http://www.sparknotes.com/us-government-and-politics/glossary/terms.html
Glossary of Terms in U.S. Government & Politics. 1  absentee ballot - A ballot, usually sent in the mail, that allows those who cannot go to their precinct on election day to vote. 2  absolutism - The belief that the government should have all the power and be able to do whatever it wants.
http://www.sparknotes.com/us-government-and-politics/glossary/terms.html
umuc econ201 homework 6 quiz latest 2015. Question. If the economy is producing less than its potential GDP, _____________________ will show a larger deficit than the actual budget. aggregate demand curve will shift to the right. aggregate supply curve will shift to the right. aggregate demand curve will shift to the left.
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which of the following terms is used to describe the set of policies that relate to government spending
Fiscal policy is the term used to describe the set of policies that relate to government spending.