FISCAL POLICY - Expansive vs Restrictive - Explained for beginners!
MONETARY and FISCAL policy are very different.
While MONETARY policy is about the money supply controlled by the Central Bank, FISCAL policy is about the actions the Government takes to regulate its revenues (tax collections) and expenditures (public expenditures).
To understand the decisions made by the Government of your country in the face of fluctuations in the economy, it is essential to understand FISCAL policy.
In this video I explain in a simple way!
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