Fiscal policy 0.0 / 5 ? EconomicsFiscal policyASOCR Created by: shaimaxx98Created on: 14-03-15 15:19 defintion of fiscal policy the taxation and spending decisons of a government 1 of 6 what does expansionary fiscal do ? decrease tax, increase government spending but government debt will increase 2 of 6 What does contractionary fiscal do? increase tax, decrease government spending then government debt will decrease 3 of 6 definition of discretionary fiscal policy the deliberate changes in government spending and taxation designed to influence AD 4 of 6 definition of automatic stabilisers forms of government spending and taxation that change automatically 5 of 6 definition of fiscal drag people's income being dragged into higher tax bands as a result of tax brackets 6 of 6
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