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What are the tools of government purchases, changing tax rates, and changing income transfers used to implement? O Monetary policy O Supply-side policy O Fiscal policy Foreign policy 

          What are the tools of government purchases, changing tax rates, and changing income transfers used to implement? O Monetary policy O Supply-side policy O Fiscal policy Foreign policy

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Principles of Economics
Principles of Economics
Gregory Mankiw 8th Edition
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What are the tools of government purchases, changing tax rates, and changing income transfers used to implement? O Monetary policy O Supply-side policy O Fiscal policy Foreign policy
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Transcript

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00:02 So expansionary fiscal policy means that the government is increasing government spending and reducing taxation in an attempt to increase the money available in the economy.
00:20 So this purpose is to increase the growth and reduce unemployment by increasing a demand for labour.
00:26 So the way this happens is that the government will spend more and so therefore demanding more labour from public works and the public is taxed less, which means they have more money to demand goods, which increases demand for goods and as a result growth and demand for jobs.
00:44 However, the main drawback here is that if the government isn't carefully careful, it can lead to inflation.
01:00 Next we can look at contradictory fiscal policy, which is when the government increases taxation and reduces government spending...
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