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How can a government use fiscal policy to achieve its macroeconomic objectives?
Wiki User
∙ 13y ago
It's called communism!!
Wiki User
∙ 13y ago
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What influences government spending?
the macroeconomic objectives being pursued by the government will greatly influence government spending . a government aiming to reduce employment and promote economic growth is likely to pursue an expansionary fiscal policy , thus increasing government spending where as a government aiming to control inflation is likely to follow a contractions policy thus reducing its spending.
What is the meaning and objectives of Fiscal policy?
Fiscal policy is how the government taxes and spends money. The objective of fiscal policy is to influence the economic activity of the governmentâ??s country.
Does Pakistan follow expansionary fiscal policy?
Fiscal policy is the manipulation of taxation and government spending by the government to affect the economy . Expansionary fiscal policy is when the government what to increase aggregate demand by decrease taxation.Pakistan does not use expantionary fiscal policy because Pakistan have highly economic growth and macroeconomic stability but also some poverty reduction(increase in standard of living)
What is the purpose of macroeconomic policy?
Macroeconomics is the study of the economy as a whole. Macroeconomic policy can be split into two branches: 1. Fiscal policy, which is the use of government spending to affect the economy. 2. Monetary policy, the process by which governments set the money supply.
Fiscal policy and its objectives?
fiscal policy OBJ. in relation to taxation policy and expenditure policy
What influences government spending?
the macroeconomic objectives being pursued by the government will greatly influence government spending . a government aiming to reduce employment and promote economic growth is likely to pursue an expansionary fiscal policy , thus increasing government spending where as a government aiming to control inflation is likely to follow a contractions policy thus reducing its spending.
What is the meaning and objectives of Fiscal policy?
Fiscal policy is how the government taxes and spends money. The objective of fiscal policy is to influence the economic activity of the governmentâ??s country.
Does Pakistan follow expansionary fiscal policy?
Fiscal policy is the manipulation of taxation and government spending by the government to affect the economy . Expansionary fiscal policy is when the government what to increase aggregate demand by decrease taxation.Pakistan does not use expantionary fiscal policy because Pakistan have highly economic growth and macroeconomic stability but also some poverty reduction(increase in standard of living)
What is the purpose of macroeconomic policy?
Macroeconomics is the study of the economy as a whole. Macroeconomic policy can be split into two branches: 1. Fiscal policy, which is the use of government spending to affect the economy. 2. Monetary policy, the process by which governments set the money supply.
What is the impact of fiscal policy?
Fiscal policy is used by governments to influence the level of aggregate demand in the economy, in an effort to achieve economic objectives of price stability, full employment and economic growth.
What has the author Antulio N Bomfim written?
Antulio N. Bomfim has written: 'Bounded rationality and strategic complementarity in a macroeconomic model' 'Macroeconomic management and the division of powers in Brazil' -- subject(s): Fiscal policy, Intergovernmental fiscal relations, Monetary policy
Fiscal policy and its objectives?
fiscal policy OBJ. in relation to taxation policy and expenditure policy
What is fiscal consolidation?
Fiscal consolidation is a policy aiming at reducing fiscal deficit of government .
Why did Newt Gingrich make a contract with America?
As a promise for morality in public office
What is fiscal balance?
The balance of a government's tax revenues, plus any proceeds from asset sales, minus government spending. If the balance is positive the government has a fiscal surplus, if negative a fiscal deficit.
Why is fiscal policy necessary?
The fiscal policy is necessary to try to achieve macro economic objectives. These include, full employment, stability of internal and external values of the currency, equality and growth and development,etc. The fiscal policy consists of the government expenditure, income and the budget. The government must use the fiscal tools to achieve these objectives but this can be very tricky. At the end of the day it would be ideal if it could maintain a balanced budget (where expenditure is roughly equal to income). If it fails to do so, then there could be huge problems for the economy. By adjusting expenditure and income (mostly taxes) it can influense the entire economy, so its a delicate balancing act since most actions bring about both positive and negative concequences. Say for example, the government spends too much money on things, it will have to find a way to pay all the bills anway, so they will have to borrow money and in doing so there will be a budget deficit (spending more than you have), inflation, and a squeeze in the funds available for the private sector (if the government enters the private sector to get money, ex. banks)
Describe the roles of government bodies the determine national fiscal policies?
Describe the roles of government bodies that determine national fiscal policies
