Question

Parts of fiscal policy

Answer 1

There are two main types of fiscal policy: expansionary and contractionary. ... The key elements of fiscal policy are government spending and taxation. In times of a recession, the government can increase spending / reduce taxes to stimulate consumption and push towards economic growth.

Answer 2

There are two main types of fiscal policy: expansionary and contractionary. ... The key elements of fiscal policy are government spending and taxation. In times of a recession, the government can increase spending / reduce taxes to stimulate consumption and push towards economic growth