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when it is weak
The government will assume an expansionary fiscal policy position.
The government will assume a contractionary fiscal policy position.
the government will spend less money than it earns by cutting its spending or raising its taxes
neutral fiscal
when it is weak
The government will assume an expansionary fiscal policy position.
The government will assume a contractionary fiscal policy position.
the government will spend less money than it earns by cutting its spending or raising its taxes
neutral fiscal
Fiscal consolidation is a policy aiming at reducing fiscal deficit of government .
As a promise for morality in public office
The government spends less money than it earns by cutting its spending or by raising taxes. A+
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.
b.) an excess of tax receipts over government expenditures
Describe the roles of government bodies that determine national fiscal policies
RBI