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- Q187021 subject Q6158514.
- Q187021 subject Q6453410.
- Q187021 abstract "In economics and political science, fiscal policy is the use of government revenue collection (mainly taxes) and expenditure (spending) to influence the economy. According to Keynesian economics, when the government changes the levels of taxation and governments spending, it influences aggregate demand and the level of economic activity. Fiscal policy can be used to stabilize the economy over the course of the business cycle.The two main instruments of fiscal policy are changes in the level and composition of taxation and government spending in various sectors. These changes can affect the following macroeconomic variables, amongst others, in an economy: Aggregate demand and the level of economic activity; Savings and Investment in the economy The distribution of incomeFiscal policy can be distinguished from monetary policy, in that fiscal policy deals with taxation and government spending and is often administered by an executive under laws of a legislature, whereas monetary policy deals with the money supply, lending rates and interest rates and is often administered by a central bank.".
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- Q187021 wikiPageWikiLink Q6158514.
- Q187021 wikiPageWikiLink Q6453410.
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- Q187021 type Thing.
- Q187021 comment "In economics and political science, fiscal policy is the use of government revenue collection (mainly taxes) and expenditure (spending) to influence the economy. According to Keynesian economics, when the government changes the levels of taxation and governments spending, it influences aggregate demand and the level of economic activity.".
- Q187021 label "Fiscal policy".
- Q187021 seeAlso Q994824.