Fiscal policy is NOT often used as a stabilisation tool. However, it does have important roles in the economy. Three of these roles are:
Question
Solution 1
- Income Redistribution: Fiscal policy can be used to redistribute income within a society. This is done through taxation and government spending. For example, progressive taxation, where the tax rate increases as the taxable amount increases, can be used to redistribute wealth from the rich to the Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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