dp7 Flashcards
1
Q
budgetary policy
A
refer to government use of budget to achieve specific outcomes in country. Contains details of all income and expenditure of federal government.
2
Q
Monterary policy
A
set of tolls available to promote sustainable economic growth controlling overall supply of money available to consumer business and naitosn bank
Policy aims to achieve full employment, price stability, strong sustainbable economic growth
3
Q
Automatic stabilisiers, cyclical :
A
are changes to budget occurring automatically following chances in level of economic activity.
4
Q
Discretionary stabilisires / structural component of budget :
A
deliberate policy decisions designed to change receipts / outlays in effort to influence economic activtity
