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Examine Impact of Fiscal Policy on the Australian Economy. Received 20/20
Economics
3 Found helpful • 8 Pages • Essays / Projects • Year: Pre-2021
Fiscal Policy is a key instrument of macroeconomic policy in the management of the Australian economy. It involves the planned manipulation of various revenue and expenditure measures, through the annual Commonwealth Government Budget in order to achieve the economic goals of stable economic growth, internal stability and external stability. Varying the amount of revenue and expenditure in order to alter the level of economic activity, resource allocation and income distribution may have impacts on the Australian economy by influencing economic growth, employment, inflation, the distribution of income and wealth, external stability and environmental stability.
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