Definition of ’Fiscal Policy’ Government spending policies that influence macroeconomic conditions. Through fiscal policy‚ regulators attempt to improve unemployment rates‚ control inflation‚ stabilize business cycles and influence interest rates in an effort to control the economy. Fiscal policy is largely based on the ideas of British economist John Maynard Keynes (1883–1946)‚ who believed governments could change economic performance by adjusting tax rates and government spending. http://www
Free Great Depression Keynesian economics John Maynard Keynes
gross domestic product‚ employment‚ the business cycle‚ productivity‚ and price levels are also economic indicators that are affected. All of the indicators affect the overall growth of the economy. When a major event occurs the economy can either have a period of contraction or expansion. A major event that negatively affected the economy was Hurricane Katrina. Hurricane Katrina caused the US billions in repairs and reconstruction. Hurricanes usually do not have a huge affect on the nation’s GDP.
Premium Petroleum Economics Peak oil
1. Dutch Disease: Impact on Economy Due to advancement of exploration techniques in the 20th century there have been many discoveries of huge reserves of natural resources. However‚ what is supposed to be a blessing for the economy does not always appear to be the case when it comes to managing the revenues the country generates by using its national wealth. The Dutch Disease has attacked both developed and developing nations and have impacted their economies in negative way‚ so the policymakers
Premium Economics United States Economic growth
In the Afghan world today‚ especially in Kabul‚ the Taliban government has a strong and terrible influence on everyone living there. The Taliban are a Muslim fundamentalist group that took control over the government from 1996 until 2001. They enforced many unrealistic rules that caused many hardships for men and women. Many countries have stepped in to try bringing peace to Afghanistan. The Taliban had control of over 90% of the population until countries came together to stop them. They now‚ only
Premium Taliban Afghanistan Pakistan
abortion‚ the abortion landscape became open and a “moral hazard” (Mason‚ Leavitt & Chaffee‚ 2012) ensued. This led to more abortion expenditures on the part of the individual and government. In the three years following the legalization of abortion‚ majority of the legal abortions for low-income women was borne by the government through Medicaid (Kaiser Family Foundation‚ [KFF]‚ 2009). For abortions that were funded individually‚ cost and safety became the main determinant factors. High-income women
Premium Roe v. Wade Abortion Supreme Court of the United States
The Effects of Ethanol on the Economy ECON 203 May 3‚ 2007 The Effects of Ethanol on the Economy Corn crops are responsible for producing numerous valuable resources and products and therefore‚ corn is a vital part of the nation’s agricultural industry. One of the most valuable products derived from corn is ethanol. Due to the demand for ethanol corn has experienced an increase in value. Farmers are able to charge
Premium Ethanol fuel Renewable energy Wind power
Continent. Nevertheless‚ changes were soon made to rectify this situation. 1. Increasing government control over society and the economy: • Britain introduced the Defence of the Realm Act in August 1914‚ to give the government special powers to run the war. • Heavy industry (eg. Steel) was placed under government control. • Certain industries were nationalised. These included the coal industry‚ the railways‚ the docks and harbours and the nation’s shipping fleet. The government also took over the
Premium World War II World War I United States
‘Discuss the ways in which the government may use Fiscal policy to help the economy grow out of a recession. Reference must be made to some policies that the current government has actually use’ Fiscal policy involves the use of government spending‚ taxation and borrowing to affect the level and growth of aggregate demand‚ output and jobs. Fiscal policy is also used to change the pattern of spending on goods and services. It is also a means by which a redistribution of income & wealth can be
Premium Tax
Fiscal Policy as an Economic Stabilization Measure Fiscal Policy refers to the various decisions undertaken by the government regarding public expenditures and revenue. Fiscal Policy is a direct government intervention in the economic processes of an economy. All the sub fiscal policies can be broadly categorized as being either ‘Public Expenditure’ or ‘Public Revenue’. The fiscal policy’s sub-policies are: The Taxation structure – through this fiscal tool the government is able
Premium Keynesian economics Public finance Macroeconomics
Graham Mattison Research Project Geog. 317 - U.S. & Canada 12/03/07 Change in Agricultural Production in the U.S. & Canada from the 1950’s to the Present The soybean’s rise to agricultural prominence in the U.S. & Canada actually began prior to 1950‚ during the period of the World War II. Prior to the events of World War II‚ soybean production had been centered on the areas of China and Manchuria‚ what is present day Northeastern China. During World War II the price of all commodities worldwide
Premium Canada Soybean Ontario