Fiscal policy is important because it regulates government spending and taxation. Fiscal policy controls decisions made at the local, national and federal government levels, such as goods, services and products purchased... More »

Examples of fiscal policy include changing tax rates and public spending to curb inflation at a macroeconomic level. Other examples include extending tax cuts to counteract a cut in government spending to avoid causing a... More »

In the United States, fiscal policy is set by a consensus agreement between both houses of Congress. The process is very complicated, beginning with an extended period in which at least four, and possibly many more budge... More »

Some examples of expansionary fiscal policy include lowering taxes and increasing government spending. An expansionary fiscal policy is implemented by a government when they want to raise the overall amount of money avai... More »

The size of federal budget deficits in any given year can be determined by exploring the relationship between government revenues and spending, reports the National Priorities Project. Deficits, which refer to a situatio... More »

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The components of Gross Domestic Product (GDP) are personal consumption expenditures, business investment, government spending and net exports of goods and services. GDP describes what a country's economy produces. More »

A laissez-faire policy is a political and economic doctrine which holds that economies function efficiently when there is minimal government interference. This policy opposes the taxation and regulation of commerce and a... More »