Dr. Traci L. Tupper's Latest Rating. I had my first visit with Dr. Tupper and she gave me her undivided attention. She took the time to show my husband and I my ultrasounds of my thyroid and explained ... Read more.
Fiscal policy. The legislative and executive branches of government control fiscal policy. In the United States, this is the President's administration (mainly the Treasury Secretary) and the Congress that passes laws. Policy-makers use fiscal tools to manipulate demand in the economy.
Governments engage in contractionary fiscal policy by raising taxes or reducing government spending. In their crudest form, these policies are designed to siphon money out of the private economy in the hopes of slowing down unsustainable production or lowering asset prices.