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13 Mar 2020

What is meant by the fiscal policy? Explain how taxes and transfer payments act as a fiscal policy tool.

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Nelly Stracke
Nelly StrackeLv2
13 Mar 2020

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Related questions

For many years, the overall economic policy of the United States has been a balancing act between fiscal policy and monetary policy. Explain what is meant by the following:

(A). Fiscal policy

How is fiscal policy set?

Who sets fiscal policy?

How does this policy affect the economy?

(B) Monetary policy

How is monetary policy set?

Who sets monetary policy?

How does this policy affect inflation, the economy?

Reducing government spending, reducing transfer payments, or raising taxes describes which policy?

A. Monetary policy
B. Expansionary fiscal policy
C. Supply-side fiscal policy
D. Contractionary fiscal policy

Explain what is meant by fiscal policy. Give 2 examples of tools that can be used to implement fiscal policy. What are some of the problems with using fiscal policy?

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