{"id":463,"date":"2015-05-05T04:13:41","date_gmt":"2015-05-05T04:13:41","guid":{"rendered":"https:\/\/courses.candelalearning.com\/masterymacro1xngcxmaster\/?post_type=chapter&p=463"},"modified":"2018-04-28T12:24:03","modified_gmt":"2018-04-28T12:24:03","slug":"introduction-to-fiscal-policy-in-action","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/oldwestbury-wm-macroeconomics\/chapter\/introduction-to-fiscal-policy-in-action\/","title":{"raw":"Introduction to Fiscal Policy in Action","rendered":"Introduction to Fiscal Policy in Action"},"content":{"raw":"

What you'll learn to do:\u00a0explain fiscal policies, including automatic, expansionary, and contractionary fiscal policies<\/h2>\r\n[caption id=\"attachment_9681\" align=\"aligncenter\" width=\"391\"]\"Black<\/a> Figure 1.<\/strong> Lithograph showing two British workers standing outside a closed factory, with a sign on the gate denouncing foreign competition and recommending the reform of fiscal policy.[\/caption]\r\n\r\nIn this section, we will segue from discussing government budgets, per se, to discussing fiscal policy.\u00a0Recall that fiscal policy is the use of changes in government spending and tax rates to influence the path of the macro economy. Every federal budget reflects some fiscal policy.\u00a0Fiscal policy approaches range from passive to activist.\u00a0In this section, you\u00a0will use the AS-AD model to help you understand how governments use fiscal policies to fight against recession and inflation, and also to promote economic growth.","rendered":"

What you’ll learn to do:\u00a0explain fiscal policies, including automatic, expansionary, and contractionary fiscal policies<\/h2>\n
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Figure 1.<\/strong> Lithograph showing two British workers standing outside a closed factory, with a sign on the gate denouncing foreign competition and recommending the reform of fiscal policy.<\/p>\n<\/div>\n

In this section, we will segue from discussing government budgets, per se, to discussing fiscal policy.\u00a0Recall that fiscal policy is the use of changes in government spending and tax rates to influence the path of the macro economy. Every federal budget reflects some fiscal policy.\u00a0Fiscal policy approaches range from passive to activist.\u00a0In this section, you\u00a0will use the AS-AD model to help you understand how governments use fiscal policies to fight against recession and inflation, and also to promote economic growth.<\/p>\n\n\t\t\t

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