Introduction to Economics 2 Deneme Sınavı Sorusu #349661

In which years has fiscal policy started to gain importance?


1920

 

1930

 

1940

 

1950

1960


Yanıt Açıklaması:

Fiscal policy is a branch of general economy policy. A successful fiscal policy requires adjustments of public expenditures and revenues according to macroeconomic objectives considering their effects on economic variables. Fiscal policy is a discipline that has gained importance and grown fast since 1930s. In fact, the discussions stemming from 1929 Great Depression are deemed as the origin of modern fiscal policy. In 1950s and 1960s, fiscal policy found an opportunity to spread widely and to develop more.

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