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Fiscal Policy

Economics · Chapter 16 · 5. Public Finance

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Your path through this chapter

  1. Notes Beta

    6 sections with key terms, formulas and exam tips.

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  2. Flashcards Beta

    30 cards for quick recall of key terms and facts.

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  3. Practice

    79 board-style questions with instant checks: Multiple choice 28, Short answer 22, Long answer 7, Assertion and reason 6.

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  4. Chapter test Free

    Short and long chapter tests in board pattern, with results and analysis.

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Topics 4

  1. Fiscal policy: meaning and instruments
  2. Public revenue; taxes: meaning and types; direct versus indirect taxes
  3. Public expenditure: meaning and importance
  4. Public debt: meaning and methods of redemption; deficit financing (meaning)