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What is the primary goal of expansionary fiscal policy?

Practice Questions

Q1
What is the primary goal of expansionary fiscal policy?
  1. To reduce inflation
  2. To decrease unemployment
  3. To increase taxes
  4. To balance the budget

Questions & Step-by-Step Solutions

What is the primary goal of expansionary fiscal policy?
  • Step 1: Understand what expansionary fiscal policy means. It is a way for the government to boost the economy.
  • Step 2: Know that the government can boost the economy by spending more money or by reducing taxes.
  • Step 3: Recognize that the main aim of this policy is to create more jobs.
  • Step 4: Realize that when the government spends more or cuts taxes, people have more money to spend.
  • Step 5: Understand that when people spend more money, businesses can hire more workers, which helps reduce unemployment.
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