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Using taxes and spending to control the level of GDP in short run is known as what policy?
Wiki User
∙ 13y ago
I believe this is known as Keynesien Fiscal Policy
Wiki User
∙ 13y ago
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Why real GDP is inversely related to interest rates in the short run?
Using taxes and spending to control the level of GDP in the short run is known as _________ policy.
When government spending and taxation influences the economy it is called?
it is known as fiscal policy
What is the use of government spending to control the economy known as?
Fiscal Plicy
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The way the government uses taxes and spending to stabilize the economy is called .?
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Where is fiscal policy used?
Fiscal policy is used by the government mainly in the following ways; by taxation and spending. This is how it is done. To increase GDP, the government increases its budget, spends say $45 billion into the economy which is an expansionary policy. Whereas, if the government takes out $45 billion, it would mean a decrease in jobs, increased unemployment, this is known as contractionary.
