Fiscal Policy

Definition

  • The use of government spending and taxation policies to influence the economy.

Synonyms
economic policy, government expenditure, tax and spend, taxation, financial policy

Related Terms and Acronyms

  • Bank of Canada (BC, BOC) Company Est. 1935, Ottawa, Ontario, Canada, Important,
    • Canada's central bank.
    Canada's central bank.
  • Central Bank Definition,
    • An institution that manages a nation's monetary policy.
  • Economic Growth Definition,
    • The rate of change in output from one year to the next.
  • Fiscal Deficit Definition,
    • When the government spends more money than it receives in revenue over the course of one year.
  • Fiscal Surplus Definition,
    • When the government receives more in revenue than it spends over the course of the year.
  • Macroeconomics Definition,
    • A study of the economy as a whole, particularly the interaction of its various components.
  • Microeconomics Definition,
    • Looking at the individual parts of the economy, with emphasis given to the market process and how it works.
  • Monetary Policy Definition,
    • The Bank of Canada's ability to influence the economy through changes in short-term interest rates and the money supply.
  • North American Free Trade Agreement (NAFTA) Acronym,
    • An agreement between the United States, Canada, and Mexico that allows for freer trade between the three countries.
  • Policy Definition,
    • An insurance contract.
    • A set of rules or guidelines.
  • Tax (TX) Acronym,
    • A levy paid by an individual or entity that is collected by a government.
    Bank account transaction code.
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