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Economics - Fiscal Policy - Fiscal policy tools and effects - How Fiscal Policy Works
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Economics - Fiscal Policy - Fiscal policy tools and effects - How Fiscal Policy Works

vivmagarwal
vivmagarwalJan 29, 2026

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A 5-step reveal. Step 1: 'Expansionary Fiscal Policy' - During recession: government INCREASES spending and/or CUTS taxes. This boosts aggregate demand, creating jobs and growth. Leads to budget deficit. Step 2: 'The Multiplier Effect' - $1 of government spending creates MORE than $1 of GDP. How? Go

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EconomicsFiscal Policy

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