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Economics by Terry Hillman

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CHAPTER22

Using Government Fiscal Policy to Influence the Economy

In This Chapter

  • The government budget: deficits and debt
  • Fiscal stabilization policy
  • How expansionary and contractionary fiscal policy is implemented
  • How the government uses regulation to protect consumers and the economy

Governments have a lot of spending power because of their ability to tax. How to allocate spending and how much to tax is what keeps politicians busy. The philosophical differences are fairly universal. They are not so different from the debates that might take place in your own household.

This chapter is not about how to allocate the mandated expenses of governments, ...

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