Public Finance and Full Employment |
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Page 7
... budget in the postwar economy promises to be substantially above State and local budgets and since Federal finances may ... budget adjustments may be undertaken which will raise the level of total expenditures - public or private , for ...
... budget in the postwar economy promises to be substantially above State and local budgets and since Federal finances may ... budget adjustments may be undertaken which will raise the level of total expenditures - public or private , for ...
Page 15
... budget planning may be considered briefly . Ideally , budget adjustments should be made continuously , to meet current changes in economic conditions . Yet , long- run budget planning is necessary because many phases of budget policy ...
... budget planning may be considered briefly . Ideally , budget adjustments should be made continuously , to meet current changes in economic conditions . Yet , long- run budget planning is necessary because many phases of budget policy ...
Page 16
... budget , but an arbitrary and inadequate level of deficit . The opposite of course will be the case if the outlook for the " average " situation is on the inflationary side . In the preceding discussion of budget adjustments , no ...
... budget , but an arbitrary and inadequate level of deficit . The opposite of course will be the case if the outlook for the " average " situation is on the inflationary side . In the preceding discussion of budget adjustments , no ...
Contents
FISCAL POLICY STABILITY AND FULL EMPLOYMENT | 1 |
Economic Requirements for Tax Policy | 22 |
A Flexible Tax Policy | 41 |
11 other sections not shown
Common terms and phrases
adjustments amount assets assumed average billion dollars borrowing budget business cycle capital gains cent consumption corporation tax cyclical debt service deficits deflationary demand deposits depression depression periods dividends economic effect estimated excess excise exemptions expansion expendi Federal debt Federal Government Federal Reserve finance fiscal policy fluctuations full employment funds gift tax Government bonds Government expenditures Government securities gross national product higher holders holdings income stream increase individuals inflation interest charges interest rates leakage level of income liquidity ment monetary money supply national income offset outlays pay-roll taxes payments period personal income tax postwar problem profits progressive taxes property income property tax public debt public expenditures raise ratio reduced result retained earnings revenue savings Series E bonds stability substantial surpluses surtax tax burden tax policy tax rates tax system tax yield taxation taxpayer tion Treasury units Wallich