Both fiscal and monetary policy can affect real GDP, due to time-lag in wage and price adjustments. In general, however, fiscal policy has a much more direct effect on real GDP.
on A+: because of its effect on interest rates :))
because of its effect on interest rates.
on A+: because of its effect on interest rates :))
because of its effect on interest rates.
Both fiscal and monetary policy can affect real GDP, due to time-lag in wage and price adjustments. In general, however, fiscal policy has a much more direct effect on real GDP.
on A+: because of its effect on interest rates :))
on A+: because of its effect on interest rates :))
because of its effect on interest rates.
on A+: because of its effect on interest rates :))
on A+: because of its effect on interest rates :))
on A+: because of its effect on interest rates :))
because of its effect on interest rates.
on A+: because of its effect on interest rates :))
fiscal policy OBJ. in relation to taxation policy and expenditure policy
Fiscal policy is a policy centered on ideas and research.
Fiscal policy affects the economy by changing incentives. Taxing an activity tends to discourage that activity.