What effects does it bring?
- Influences economic growth - stimulate demand and production
- Affects employment - creating new jobs/increasing unemployment
- Controls inflation - raising taxes or cutting spending can stabilize prices
- Impacts budget deficits and national debt - financed by borrowing
- Redistributes wealth - progressive taxation and social spending
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Economics and politics student from Germany. Interested in a broad field of topics and trying to easily break down topics from his studies to everyone.
In this Mini-Series, we will talk about the key concepts of macroeconomics. I will shortly explain each concept in a respective post. This is part 4 of 5, covering the fiscal policy.
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