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3.5.6 Costs and benefits of fiscal policy
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What is fiscal policy?

What is fiscal policy?

Fiscal policy is the use of government spending and taxation to influence aggregate demand, output, employment and inflation. Expansionary fiscal policy means higher government spending, lower taxes, or higher benefits, while contractionary fiscal policy means lower spending or higher taxes.

3.5.6 Costs and benefits of fiscal policy Lesson

  1. GCSE
  2. /Economics
  3. /3.5.6 Costs and benefits of fiscal policy

Step-by-step lessons on OCR GCSE Economics 3.5.6 Costs and benefits of fiscal policy. Each one builds up to exam-style questions. Build a solid grasp of supply and demand and cost/revenue calculations before tackling the evaluation-heavy policy topics.

Lessons