Objectives of Fiscal Policies Q7

Q.
a) Fiscal Policy refers to the regulation of the level of government spending, taxation and public debt.

Explain:

i) Objectives of Fiscal Policy. (5 marks)

ii) Expansionary Fiscal Policy. (5 marks)

iii) Contractionary Fiscal Policy. (5 marks)

b) Explain with examples, the meaning of protectionism. (5 marks)

(20 marks, 2013 Q7)