the state of fiscal policy is usually summarized by looking at the______.between what the government pays out and what it take in---that is, the government_____.Fiscal policy is said to be tight or______.when revenue is higher than spending (the government budget is in surplus)and____.
Or expansionary when spending is higher than revenue (the budget is in deficit). Often the focus is not on the level of the deficit, but on the change in the deficit. The most immediate _____.