Definition: Contractionary fiscal policy is a government policy of reducing spending and raising taxes.
In the language of some first courses in macroneconomics, it shifts the IS curve (investment/saving curve) to the left.
In the language of some first courses in macroneconomics, it shifts the IS curve (investment/saving curve) to the left.
Terms related to Contractionary Fiscal Policy:
About.Com Resources on Contractionary Fiscal Policy:- Fiscal Policy in the 1960s and 1970s
- Fiscal Policy and Economic Stabilization
- Introduction to Monetary and Fiscal Policy
Journal Articles on Contractionary Fiscal Policy:
