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purplecod794Lv1
28 Sep 2019
Explain how each fiscal policy influences GDP.
Expansionary Fiscal Policy - Increases in government expenditures and/or decreases in taxes to achieve particular economic goals.
Contractionary Fiscal Policy - Decreases in government expenditures and/or increases in taxes to achieve particular economic goals.
Discretionary Fiscal Policy- Deliberate changes in government expenditures and/or taxes to achieve particular economic goals.
Automatic Fiscal Policy - Changes in government expenditures and/or taxes that occur automatically without (additional) congressional action.
Explain how each fiscal policy influences GDP.
Expansionary Fiscal Policy - Increases in government expenditures and/or decreases in taxes to achieve particular economic goals.
Contractionary Fiscal Policy - Decreases in government expenditures and/or increases in taxes to achieve particular economic goals.
Discretionary Fiscal Policy- Deliberate changes in government expenditures and/or taxes to achieve particular economic goals.
Automatic Fiscal Policy - Changes in government expenditures and/or taxes that occur automatically without (additional) congressional action.
Darryn D'SouzaLv10
28 Sep 2019
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