fiscal policy Flashcards
1
Q
fiscal policy definition
A
controlling business cycle by changing tax rate and spending habits
2
Q
two types of fiscal policy
A
expansionary
contractionary
3
Q
expansionary policy
A
unemployment problem
taxes down
spending up
4
Q
contractionary policy
A
inflation problem
taxes up
spending down
5
Q
stagflation
A
high unemployment
high inflation
