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Fiscal Policy

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Terms in this set (61)

Economic policies that involve government spending and taxes.

The branch of economics that focuses on broad issues such as growth, unemployment, inflation and trade balance.

The branch of economics that focuses on actions of particular agents within the economy, like the households, workers, and business firms.

Monetary Policy

Policy that involves altering the level of interest rates, the availability of credit in the economy, and the extent of borrowing.

Division of Labor

The way which the work required to produce a good or service is divided into tasks performed by different workers.