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Fiscal Policy, Demand-Side Policy
(AD) - Coggle Diagram
Fiscal Policy
Fiscal
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Nature of Fiscal
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Automatic Stabilizer
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eg. ↑ NY ↑ growth
- ↑ T (rate constant)
- ↓ G - ↓ unemployment benefits
- NY changes gradually, not steep
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Budget
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Budget Deficit
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Gov borrows
- internationally
- from bonds
- from bank
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Limitations (Evaluation)
Time Lag
T&G changes take long to implement, work thru econ & show effect
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