This legislation represented changes in fiscal policy—taxing and spending policies by a country’s national government that can be used to either stimulate or restrain the economy (T = TP + TB and G in the circular flow model in Figure 1.2).
This legislation represented changes in fiscal policy—taxingand spending policies by a country’s national government that can be used toeither stimulate or restrain the economy (T = TP + TB and G in the circular flowmodel in Figure 1.2).