4.05 uncle sams toolbox Economics Ischool Preston Geisler

4.05 uncle sams toolbox Economics Ischool Preston Geisler -...

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Fiscal Policy This is concerning the government earning and spending money. They utilize their strategies of taxing and spending. The main idea/goal of the fiscal policy is to allow businesses to produce more by creating a demand in the economy. The difference? The difference between the Fiscal Policy and the Monetary Policy is the Fiscal Policy is controlled by the president and congress. This has to deal with taxes and government spending. Conversely, the Monetary Policy is more or less prioritized on the buying or selling of government securities to maintain the money supply. They should create a law mandating an extra budget for debt. This way we can save not only for our debt but we can also observe the difference and balance the federal budget Scenario #1: The government is currently spending 3 billion, one hundred on programs, and brings 3 billion, five hundred million in through taxation. This is what's considered a budget
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