Economy, asked by Raji1597, 1 year ago

discuss the role which fiscal policy can play in promoting economic stability in the economic system.

Answers

Answered by harshit046
0
Fiscal policy can promote macroeconomic stability by sustaining aggregate demand and private sector incomes during an economic downturn and by moderating economic activity during periods of strong growth. Animportant stabilising function of fiscal policy operates through the so-called “automatic fiscal stabilisers”.
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