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Government’s fiscal policy has big role in stabilizing the economy during business cycles. The two important phases of business cycles…

Fiscal Policy is changing the government’s budget to influence aggregate demand. i.e., changing taxes and spending. These are intentional government…

In economics, tax incidence or tax burden is the effect of a particular tax on the distribution of economic welfare.…

Fiscal policy is an integral part or organ of public finance. In ordinary words, fiscal policy refers to a policy…

Fiscal responsibility implies a government pursues the appropriate level of government spending and tax to: Maintain sustainable public finances. Ensure…

Solvency, in finance or business, is the degree to which the current assets of an individual or entity exceed the…

A Contra cyclical Budgetary Policy: The policy of managed budgets implies changing expenditures with constant tax rates or changing tax…

According to the classical economists, however, fiscal policy should have the minimum range of operations and the budget should be…

Public Debt refers to “Obligation of Government particularly those evidenced by securities, to pay certain sums to the holders at…

Public finance deals with the question how the Government raises its resources to meet its ever-rising expenditure. As Dalton puts…