Economics
4th Edition
ISBN: 9781464143847
Author: Paul Krugman, Robin Wells
Publisher: Worth Publishers
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Chapter 28, Problem 2BCQ
To determine
Concept Introduction:
Fiscal Policy: It is a measure taken by the government to influence the economy of any nation. It is done by the government to adjust the spending level of the economy and also to influence the tax rate.
Discretionary Fiscal Policy: The undesired changes in the fiscal policies of the government which result in change in the economic condition of the country, which can even result in recession in the economy.
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