Explain how each fiscal policy influences gdp

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Explain how each fiscal policy influences GDP.

Expansionary Fiscal Policy - Increases in government expenditures and/or decreases in taxes to achieve particular economic goals.

Contractionary Fiscal Policy - Decreases in government expenditures and/or increases in taxes to achieve particular economic goals.

Discretionary Fiscal Policy- Deliberate changes of government expenditures and/or taxes to achieve particular economic goals.

Automatic Fiscal Policy - Changes in government expenditures and/or taxes that occur automatically without (additional) congressional action.

Reference no: EM132184910

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