One thing is people demanding the Gov't provide more services and benefits to them then they are willing to share the cost of paying for.
fiscal
Ronald Regan increased spending on the military
The fiscal policy strategy that the Federal government would most likely use to stabilize the economy during times of inflation is to raise taxes. However, they could also decrease government spending.
Deficit spending is spending money raised by borrowing. It is used by governments to stimulate their economy during times of depression or economic slow-down. Unless the borrowing is repaid, deficit spending will increase the national debt.
The situation of the government during Jose Rizal's time?
During the Civil War government spending tripled compared to previous years. The United States government was forced to take a loan from France.
It is nothing but a surplus state of economy in the country which is being the desired state in the minds of classical economists.
A
the jury
Keynesian Economics
Fiscal policy is a way in which the government can attempt to influence economic activity through spending and taxation. By either increasing spending or decreasing taxes, the government is often attempting to stimulate economic activity during times of recession. By decreasing spending or increasing taxes, the government is trying to slow down economic activity during times of inflation.
Using government spending to increase purchasing power and stimulate the economy during the Great Depression.
The theory that government spending should increase during business slumps and be curbed during booms.
An example of deficit spending during world war II was military spending that surpassed the amount of taxes that the government was collecting. The government took great efforts in convincing the American people that rationing was an equitable act.
U.S Federal Deficit
A decade of republican government put the economy in debt. During Reagan's time the money was spend on defense spending.
During the Great Depression of the 1930s, the national government was in debt. They had to increase their spending for public services, such as food assistance because people were too poor.