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What three main outcomes do policy makers try to achieve when they attempt to stabilize economy?
high employment, steady growth, and stable prices
What are the Measure that the federal government takes to stabilize the economy?
fiscal policy
What is the way governments use taxes and spending to stabilize the economy called?
Fiscal Policy
What is the main goal of both fiscal and monetary policy?
The main goal of both fiscal and monetary policy is to stabilize the economy.
What are the two tools of fiscal policy that governments can use to stabilize an economy?
government spending and taxation
What three main outcomes do policy makers try to achieve when they attempt to stabilize economy?
high employment, steady growth, and stable prices
What are the Measure that the federal government takes to stabilize the economy?
fiscal policy
Measures that the federal government takes to stabilize the economy are .?
fiscal policy
What is the way governments use taxes and spending to stabilize the economy called?
Fiscal Policy
What is the main goal of both fiscal and monetary policy?
The main goal of both fiscal and monetary policy is to stabilize the economy.
What are the two tools of fiscal policy that governments can use to stabilize an economy?
government spending and taxation
Why GDP figures are important for policy makers?
because it helps to see where the economy is heading
When do Discretionary fiscal policy will stabilize the economy most?
deflicts are incurred during recession and surpluses during inflaions.
The way the government uses taxes and spending to stabilize the economy is called what?
Fiscal policy is the way the government uses taxes and spending to stabilize the economy. It is based on the theories of British economist John Maynard Keynes, also known as Keynesian economics.
The way the government uses taxes and spending to stabilize the economy is called .?
Fiscal policy is the way the government uses taxes and spending to stabilize the economy. It is based on the theories of British economist John Maynard Keynes, also known as Keynesian Economics.
What is the name for the use of government revenue and spending to try to stabilize the economy by influencing aggregate demand?
The use of government revenue and spending to stabilize the economy by influencing aggregate demand is known as fiscal policy. This approach involves adjusting taxation and government expenditures to manage economic fluctuations, promote growth, and reduce unemployment. Through expansionary fiscal policy, the government can increase spending or cut taxes to stimulate demand, while contractionary fiscal policy can help cool down an overheated economy.
Government's efforts to stabilize the business cycle through fiscal policy can destabilize the economy due to the presence of what?
lags in the process of crafting a budget appropriate to the circumstances.
