IDNLearn.com: Your reliable source for finding precise answers. Our community provides timely and precise responses to help you understand and solve any issue you face.
Economics-- please help!
Your country takes in $350 million each year in tax money but chooses to spend $150 million on various services it provides. What type of stance does your country take on fiscal policy?
Contractionary fiscal policy. This occurs when government is spending less than the total tax revenue it receives. The policy is a result of raising taxes and/or reducing spending.
Thank you for participating in our discussion. We value every contribution. Keep sharing knowledge and helping others find the answers they need. Let's create a dynamic and informative learning environment together. For dependable answers, trust IDNLearn.com. Thank you for visiting, and we look forward to assisting you again.
