Fiscal policy is a government practice that refers to adjusting tax rates, or revenue, and spending levels, or expenditures, in an attempt at influencing a nation’s economic system. Fiscal policy is closely related to the practice of monetary policy, which is a system used by a national, or central, bank to stimulate a country’s monetary supply. Depending upon the specific circumstances, fiscal and monetary policies can be used by a government system in combination in an attempt to improve... więcej

Salem Press Encyclopedia, 2022. 3p.