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Question
Define fiscal policy.
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Solution 1
Fiscal policy can be defined as the policy under which the government uses its expenditure and to revenue programmes to produce desirable effects.
Solution 2
According to G.K. Shaw, "We define fiscal policy as any decision to change in the level, composition or timing of government expenditure or change in burden, structure and frequency of the tax payments."
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| Column I | Column II | ||
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