Fiscal Policy

the total demand for final goods and services in an economy at a given time

a government budget in which expenditures and revenues are equal

a government budget in which revenue is greater than expenditure

a fiscal policy aimed at slowing economic growth

an effect whereby government spending causes interest rates to rise and investment to fall as a result of government borrowing

a situation in which expenditures are greater than revenues

increases in government spending or tax cuts designed to increase aggregate demand and lift the economy out of a recession

government intervention in the economy through spending and tax policies

total funds owed by a government

money taken in by the government through taxes and other measures

money spent by the government for various government programs

cost of borrowing money, expressed as a percentage of the amount borrowed; or, equivalently, the return on savings

the delay between the enactment of a policy and that policy's outcome or effect

the additional effect on the economy or gross domestic product from a change in government spending or investment

the Roosevelt-era program of expansionary fiscal policies in the 1930s aimed at ending the Great Depression

two successive quarters during which gross domestic product decreases

the percentage of the labor force who are looking for work