Fiscal Policy
Fiscal Policy
Fiscal policy is the use of government spending, taxation and the budget balance to influence aggregate demand, aggregate supply and the pattern of economic activity. In the UK, it is set by the government through HM Treasury and announced by the Chancellor in the Budget.
Step-by-step lessons on AQA A Level Economics 2.5.1 Fiscal policy. Each one builds up to exam-style questions. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.