Get the best answers to your questions with the help of IDNLearn.com's experts. Join our community to access reliable and comprehensive responses to your questions from experienced professionals.
Sagot :
In the long run, most economists agree that a permanent increase in government spending leads to complete.
Fiscal policy refers to the use of government spending and revenue collection (taxes or tax cuts) to affect a nation's economy. The 1930s Great Depression made the prior laissez-faire approach to economic management impractical, which led to the development of the use of government revenue expenditures to affect macroeconomic variables.
The British economist John Maynard Keynes' Keynesian economics, which postulated that changes in the amount of government spending and taxation have an impact on aggregate demand and the level of economic activity, serve as the foundation for fiscal policy.
A nation's government and central bank primarily employ fiscal and monetary policy to further its economic goals. These authorities can target inflation thanks to the combination of these strategies.
To learn more about Fiscal Policy here
https://brainly.com/question/27250647
#SPJ4
Thank you for being part of this discussion. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. IDNLearn.com has the solutions to your questions. Thanks for stopping by, and come back for more insightful information.
