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Budget Assessment Plan- Fiscal policy

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This is an essay on fiscal policy and the budget of Australia's economy. It includes current trends and statistics of the global economy as well.

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2 Pages Essays / Projects 1-2 Years old
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Budget Assessment Plan- Fiscal policy
Topics this document covers:
Economy Economics Macroeconomics Fiscal policy Automatic stabilizer Economic policy Macroeconomic policy Keynesian economics Circular flow of income United States federal budget Tax Inflation
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Topics this document covers:
Economy Economics Macroeconomics Fiscal policy Automatic stabilizer Economic policy Macroeconomic policy Keynesian economics Circular flow of income United States federal budget Tax Inflation
Sample Text:
The objective of the Fiscal policy is to maintain an internal and external stability through the management of aggregate demand and economic activity. The budget is the tool of the government to exercise fiscal policy, and it shows the government’s planned expenditure and revenue for the next financial year. An effective fiscal policy addresses economic objectives while allowing the budget balance to vary in response to economic conditions, and ensures that such changes are sustainable in the medium to long term. There are two components of the budget which...
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