The fiscal policy affects
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Briefly define contractionary fiscal policy and explain how it affects the macroeconomy.
The economic policy of changing the quantity of money to change the interest rate that affects the overall spending in the economy, is known as:
a) the monetary policy
b) the fiscal policy
c) free-market policy
d) trickle down policy
What are the major components of government outlays? What are the major sources of government revenues? Explain how fiscal policy affects the overall economic activity.