Operations management.
Date Submitted: 09/10/2006 02:29:27
Table of contents
1. Introduction.
Definition of Fiscal Policy.
2. Ways the government uses the Fiscal Policy.
-Types of Fiscal policy and their uses
-Effects of Fiscal policy changes
-Other methods of controlling the economy
3. Conclusion.
Definition of fiscal policies.
"Fiscal policy is the use of the budget to achieve macroeconomic objectives such as full employment, sustained long-term growth and price stability".
Fiscal policies can basically be described as a tool used by the government to control
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wages to government employees; value added taxes and social security benefits. When the government spends, it transfers wealth from itself to the populace.
BIBLIOGRAPHY:
1.<Tab/>Economics, M. Parkin, M. Powell, K. Matthews, fifth edition, Addison Wesley Longman Limited 1997, England.
2.<Tab/>Economics, John Sloman, Fourth edition, Pearson Education LTD, 1991, England.
3.<Tab/>U.S. Monetary Policy: An Introduction, http://www.frbsf.org/publications/federalreserve/monetary/
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