fiscal policy impact
Government spending effects
Fiscal policy impact refers to the effects that government spending and taxation decisions have on the broader economy.
Economists measure fiscal policy impact through changes in employment, inflation, GDP growth, and consumer behavior: The fiscal policy impact of the stimulus package was hotly debated.
The term appears frequently in policy discussions and economic forecasting.
- GDP growthOutput increase percentage
- taxationCompulsory government revenue collection
- tax cutsDecreased government assessments
- trickle downSpread gradually to lower levels
- income inequalityDisparity in earnings distribution
safety net · government spending · unemployment rate · poverty reduction · trade balances · economic recovery · job creation · budget deficit · stimulus check · wealth redistribution · inflation rate · healthcare funding · austerity measures · belt tightening · rainy day fund · public debt · social welfare programs · education investment