Fiscal Policy — definition?
Government use of spending and taxes to influence the economy.
Fiscal Policy — definition?
Use of government spending and taxation to influence the economy.
Government Spending Components — examples?
Consumption, investment, transfer payments.
Government Spending — components?
Consumption, investment, and transfer payments.
Taxation Types — main categories?
Progressive, regressive, proportional, direct, indirect.
Taxation Types — examples?
Income tax (direct), sales tax (indirect).
Expansionary Policy — goal?
Stimulate economic growth during downturns.
Contractionary Policy — goal?
Reduce inflation or slow overheating.
Multiplier Effect — meaning?
Initial fiscal change causes greater economic impact.
Fiscal Policy Tools — examples?
Spending adjustments, taxation changes.
Testez vos connaissances avec un QCM de 10 questions sur Understanding Fiscal Policy and Government Spending.
1. What does fiscal policy refer to?
2. What is the primary goal of fiscal policy?
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