Macroeconomic Policy Revision - Fiscal Policy

Just some notes I made at school. Sorry about how scrappy the last diagram looks - I couldn't find it anywhere on the internet so had to make half of it in Paint... :P I think these notes are fairly comprehensive but please say something if you think of anything that could be added.

Hope they help!

~James

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  • Created by: origen5
  • Created on: 02-04-15 17:04

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Macroeconomic Policy Revision Notes - Fiscal Policy

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Definition: Control of the economy via the use of taxation and government spending
Fiscal policy is split into two categories: Expansionary Policy, and Contractionary Policy
Expansionary Fiscal Policy:(Increased government spending, decreased taxation - Increases
AD)
1) Increased government spending on current (eg. teacher salaries) and capital (eg. roads)
leads to…

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Macroeconomic Policy Revision - Fiscal Policy

Just some notes I made at school. Sorry about how scrappy the last diagram looks - I couldn't find it anywhere on the internet so had to make half of it in Paint... :P I think these notes are fairly comprehensive but please say something if you think of anything that could be added.

Hope they help!

~James

  • Created by: origen5
  • Created on: 02-04-15 17:04

Pages in this set

Page 1

Preview of page 1
Macroeconomic Policy Revision Notes - Fiscal Policy

Page 2

Preview of page 2
Definition: Control of the economy via the use of taxation and government spending
Fiscal policy is split into two categories: Expansionary Policy, and Contractionary Policy
Expansionary Fiscal Policy:(Increased government spending, decreased taxation - Increases
AD)
1) Increased government spending on current (eg. teacher salaries) and capital (eg. roads)
leads to…

Comments

No comments have yet been made