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fiscal policy
by 趙永祥 2016-09-09 08:23:35, Reply(0), Views(128)


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TERM OF THE DAYSEPTEMBER 8, 2016
fiscal policy
f   t

Government's revenue (taxation) and spending policy designed to (1) counter economic cycles inorder to achieve lower unemployment, (2) achieve low or no inflation, and (3) achieve sustained but controllable economic growth. In a recession, governments stimulate the economy with deficit spending (expenditure exceeds revenue). During period of expansion, they restrain a fast growing economy ... Read more

USAGE EXAMPLE
Some constituents in our country disagree with our president's fiscal policy, and they say that he spends too much of their money.
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