5. Fiscal Policy in Action

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5. Fiscal Policy in Action

5.1. Expansionary and Contractionary Fiscal Policy 5.2. Classical and Keynesian views of Fiscal Policy believed that the way to combat the prevailing recessionary climate was not to wait for prices and wages to adjust but to engage in expansionary fiscal policy instead.5.4. Fiscal or Economic Stimulus 5.5. Effects of Fiscal Policy on Macro Economy 5.6. Effects of Fiscal Policy on Consumer Spending

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