Fiscal Policy

Fiscal Policy Stances

Contributors
Christian Bien Portrait_edited.jpg

Christian Bien

tutorial.png

one.png
Expansionary
Slide1.jpeg

The government is running a deficit budget or a lower surplus budget to encourage aggregate demand and hence economic growth. Notable Expansionary Budgets: - GFC Budget: Deficit of $54.5 billion (2009/10) - -4.2% of GDP

two.png
Neutral
Slide2.jpeg

The government's budget is balanced. Revenue equals expenditure and has no effect on economic growth.

Topic Menu
Concept of Fiscal Policy
Government Revenue and Expenditure Sources
Budget Outcomes
Reasons for Actual Budget Outcomes
Methods for Financing a Budget Deficit
Automatic and Discretionary Stabilisers
Fiscal Policy Stances
Strengths and Weaknesses of Fiscal Policy
Contemporary Fiscal Policy

Want your ATAR notes to empower over 77,000 students per year?

Logo-New-Large.png

Join the Team.
Empower Education.

three.png
Contractionary

Sign Up for Free to Read More 

Get instant access to all content and subscribe to our weekly email list on study tips, opportunities and other free resources. 

It only takes a minute...

Slide3.jpeg

The government is running a surplus budget or a lower deficit budget to discourage the level of aggregate demand and hence, economic growth.

four.png
Slide4.jpeg
five.png
Slide5.jpeg
six.png
Slide6.jpeg
157-seven.png
Slide1.jpeg
156-eight.png
Slide8.jpeg