Unit 6: Fiscal Policy


What’s in This Chapter? Governments conduct two types of policies to affect the economy: fiscal policy and monetary policy. In democratic countries fiscal policy is decided by elected politicians. In most countries...

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Section 1: Fiscal Policy

Definition of Fiscal Policy Fiscal policy is a government’s attempt to change economic activity by changing government expenditures, taxation, borrowing, and lending policies. A government can choose to change spending on...

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Section 6: Public Choice Theory

Public Choice In this unit, we have learned about fiscal policy and the expenditures and revenues of the various forms of government in the United States. The economic theory that studies the effectiveness of government (public)...

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Test Your Knowledge!

  Time limit: 0 Quiz-summary 0 of 10 questions completed Questions: 1 2 3 4 5 6 7 8 9 10 Information This is a ten question multiple-choice quiz covering the material in this Unit. I hope you do well! You have already...

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