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9 Cards in this Set
- Front
- Back
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Fiscal policy
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the use of the federal budget to achieve macroeconomic objectives (sustained long-term economic growth)
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Revenues
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Personal income taxes (largest source)
Corporate income taxes Indirect taxes Investment income |
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Outlays
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Transfer payments (largest outlay)
Expenditures on goods and services Debt interest |
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Budget balance
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R-O
BS:R>O BD:R<D = balanced budget |
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Budget in historical perspective
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Provincial and local government budgets
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Canadian government budget in global perspective
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Fiscal policy multipliers
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Fiscal multipliers and price level
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