What is the primary goal of fiscal policy?

What is the primary goal of fiscal policy?

Step 1: Understand what fiscal policy is. It is how the government uses its spending and taxes to influence the economy.
Step 2: Identify the main goals of fiscal policy. These include controlling inflation, reducing unemployment, and stimulating economic growth.
Step 3: Learn how the government achieves these goals. It does this by adjusting how much money it spends and how much it collects in taxes.
Step 4: Recognize that controlling inflation means keeping prices stable so that money retains its value.
Step 5: Understand that reducing unemployment means creating jobs for people who are looking for work.
Step 6: Realize that stimulating economic growth involves encouraging businesses to invest and expand, which can lead to more jobs and higher incomes.

No concepts available.