Fiscal Policy in Australia: Theory and Practice |
Contents
The Conflicting Aims of Fiscal Policy | 7 |
The Theory of Economic Policy | 33 |
The Theory of Fiscal Policy | 46 |
Copyright | |
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Common terms and phrases
2.5 per cent aggregate demand Australia Australian dollar automatic stabiliser average award wages balance of payments balanced budget multiplier building and construction cash benefits cent inflation Chapter Commonwealth indirect taxes consumer durables consumption current government expenditure decrease desired values disposable income economic policy economy effects of fiscal example exogenous exogenous variables expansionary expenditure on building exports forecast full employment given government expenditure multiplier gross national expenditure gross national product gross operating surplus hence income effects increase in government indirect tax rates land taxes level of income level of unemployment lump sum taxes marginal propensity ment million national income non-farm national product personal income tax policy maker preference function propensity to consume public authorities public enterprises rate of indirect rate of inflation rate of interest rate of personal rate of taxation rise sales tax sector stabilisation policy surplus of companies taxation rates taxation receipts unemployed unemployment rate