17 Nov 2021
Problem 12
Page 759
Section: REVIEW QUESTIONS
Chapter 31: The Impacts of Government Borrowing
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17 Nov 2021
Introduction
Fiscal policy, in simple terms, is an estimate of taxation and government spending that impacts the economy. It leads to the government lowering taxes and spending more, or one of the two. The aim is to stimulate the economy and ensure consumers' purchasing power does not weaken.
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