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How expectations of a near-term policy reversal weaken fiscal policy based on changes in tax rates?
Wiki User
∙ 12y ago
Taxpayers may reduce their savings to pay the tax while maintaining their present consumption if there was a tax increase, but the opposite is true if there is a tax decrease.
Wiki User
∙ 12y ago
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What does fiscal policy include?
changes in government spending and taxation
Instruments of fiscal policy?
changes in the composition of taxation and government spending
Why does it take so long to put fiscal changes into effect?
Fiscal policy affects the economy by changing incentives. Taxing an activity tends to discourage that activity.
The response of businesses and individuals to fiscal policy changes is related to which of these?
the amount of funds government is spending
What does Contractionary fiscal policy includes?
Contractionary fiscal policy occurs when government spending is lower than tax. Governments can use a budget surplus to do two things. One main instrument of fiscal policy are changes in the levels and composition of tax.
What does fiscal policy include?
changes in government spending and taxation
Instruments of fiscal policy?
changes in the composition of taxation and government spending
Why does it take so long to put fiscal changes into effect?
Fiscal policy affects the economy by changing incentives. Taxing an activity tends to discourage that activity.
How do you make a sentence using the word retroactive?
These changes are retroactive to the beginning of the fiscal year.
What do the balances of temporary accounts show?
changes in the owners capital for a single fiscal period
What are the Reasons for fall in money value?
Changes in fiscal policy Inflation rate Interest rate
The response of businesses and individuals to fiscal policy changes is related to which of these?
the amount of funds government is spending
What does Contractionary fiscal policy includes?
Contractionary fiscal policy occurs when government spending is lower than tax. Governments can use a budget surplus to do two things. One main instrument of fiscal policy are changes in the levels and composition of tax.
Why does a business need to be consistent in the fiscal period it uses for its financial reports?
A business needs to be consistent in the fiscal period it uses for financial reports for purposes of comparison and accuracy. If the fiscal period changes, then it is difficult to compare the business's performance across different periods.
What does fiscal mean?
Fiscal usually relates to matters of financial stature. Fiscal could also relate to taxes and government issues. The use of the word fiscal can be combined in conjunction with fiscal cliff, fiscal year, fiscal deficit, fiscal policy and fiscal parish.
What is full form of FISCAL?
fiscal
What is fiscal duties?
What is fiscal duty?
