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    Fiscal policy of the United States

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    During recent political campaigns, taxes and budget policy were key issues. White House budget packages are often designed to stimulate economic growth. From the library or from www.whitehouse.gov, obtain a current summary of government spending and tax legislation signed by the president.
    Write a brief description of the fiscal policy of the United States.
    Would you describe it as "expansionary" or "contractionary"?
    How can American consumers influence decision makers on fiscal policies?
    Explain and discuss if and how this has changed over the past 5 years.

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    Solution Preview

    Macroeconomics
    During recent political campaigns, taxes and budget policy were key issues. White House budget packages are often designed to stimulate economic growth. From the library or from www.whitehouse.gov, obtain a current summary of government spending and tax legislation signed by the president.
    Write a brief description of the fiscal policy of the United States.
    As per finpipe.com, "The term fiscal policy refers to the expenditure a government undertakes to provide goods and services and to the way in which the government finances these expenditures." Fiscal policy is an important instrument to regulate the economy. According to Arther Simithies fiscal policy is a policy under which government uses its expenditure and revenue programme to produce desirable effects and avoid undesirable effects on the national income, production and employment. (Informationbible, 2009)
    Hence Fiscal policy deals with manipulation of expenditure, taxation and the public debt of the nation to achieve economic growth and ...

    Solution Summary

    Response describes fiscal policy of the United States

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