Evaluating Fiscal Policy Alternatives and the impact of a change in government spending or taxation on the real Gross Domestic Product (GDP) and aggregate income of the economy.
Economics is the social science that studies the production, distribution, exchange, and consumption of goods and services. The study of economics focuses on how individuals, corporations, and societies choose to use the scarce resources provided by nature and previous generations. The two policies in today's economics are none other than the Fiscal and Monetary Policy. …
