Discover how fiscal policy balances tax rates and government spending to influence economic growth, employment, and inflation. Learn its impact on different demographic groups.

When the government shut down for a few weeks in October 2013, then-President Barack Obama made sure to blame conservative Republicans for refusing to pass any short-term spending bill that included ...

An autonomous expenditure describes the components of an economy's aggregate expenditure that are not impacted by that same economy's real level of income.