Changes

The federal government's decisions about the amount of money it spends and collects in taxes to achieve full employment and non-inflationary economy.

'''Fiscal Policy''' is the federal [[government|government's]] decisions about the amount of [[money]] it spends and collects in taxes to achieve full employment and non-inflationary economy.

 

Fiscal policies are largely based on the theories of British economist [[John Maynard Keynes]]. Also known as [[Keynesian economics]], this theory states that governments can influence productivity by increasing or decreasing tax levels and public spending.  ''[[Laissez faire]]'' is an earlier economic theory that is opposed to any government intervention in business affairs.  

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