[{"data":1,"prerenderedAt":58},["ShallowReactive",2],{"term:fiscal-policy":3},{"term":4,"related":45},{"id":5,"title":6,"body":7,"category":27,"description":28,"extension":29,"faq":30,"meta":31,"navigation":32,"path":33,"related":34,"seo":38,"stem":39,"takeaways":40,"__hash__":44},"terms\u002Fterms\u002Ffiscal-policy.md","Fiscal Policy",{"type":8,"value":9,"toc":22},"minimark",[10,15,19],[11,12,14],"h2",{"id":13},"understanding-fiscal-policy","Understanding Fiscal Policy",[16,17,18],"p",{},"Fiscal policy is decided by governments and legislatures through budgets and tax laws. It funds public services, redistributes income, and can support or cool the economy.",[16,20,21],{},"In recessions, governments often cut taxes or raise spending to boost demand; some support happens automatically as tax revenue falls and benefit payments rise.",{"title":23,"searchDepth":24,"depth":24,"links":25},"",2,[26],{"id":13,"depth":24,"text":14},"economy","The use of government spending and taxes to influence the economy.","md",[],{},true,"\u002Fterms\u002Ffiscal-policy",[35,36,37],"monetary-policy","gdp","recession",{"title":6,"description":28},"terms\u002Ffiscal-policy",[41,42,43],"Fiscal policy covers government spending, taxes, and borrowing.","Deficits add to government debt.","Automatic stabilizers cushion recessions without new laws.","HsJdgEfg5Fk0GuYNX1D6DBQ8N3fprcwHEiINYBFwOas",[46,50,54],{"title":47,"description":48,"path":49},"Gross Domestic Product (GDP)","The total value of goods and services produced in a country over a period.","\u002Fterms\u002Fgdp",{"title":51,"description":52,"path":53},"Monetary Policy","How a central bank manages interest rates and the money supply to steer the economy.","\u002Fterms\u002Fmonetary-policy",{"title":55,"description":56,"path":57},"Recession","A significant, widespread decline in economic activity lasting more than a few months.","\u002Fterms\u002Frecession",1793374005127]