Business Finance
GCU Designing and Implementing Fiscal Policy to Overcome Deficit Discussion

Grand Canyon University

Question Description

Keynesian theory entails the demand side economics. The level of customers' spending is determined by their demand relative to goods and services provided to their satisfaction (customers' tests and preferences). The assumption is that a greater level of customer spending implies the existence of stable economy. In other words, when there would be variability in customers’ demand, the fluctuation could create economic instability. This could result in unhealthy economic activity that can reduce government revenue mainly collected through taxation. This in turn creates budget deficit typically in the public sector. Nonetheless, it may not be appropriate to view budget deficit as abnormal or unusual occurrence as such. It is because the government may ultimately prepare sound fiscal policy to overcome the problem. Nonetheless, we can pose the following question: Is it feasible to design and implement a fiscal policy that would overcome deficit spending effectively? Please remember, effectiveness is about achieving a desired goal. The question has been forwarded to all members of the course. What do you think?

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Designing and Implementation of Fiscal Policy
The Keynesian theory relates the total economic spending and the effects it has on the
output and inflation. The Keynesian economic was developed by a British economist, Keynes
during 1930. He was trying to explain and understands the Great Depression. This was to
advise th...

Mrchristma (1577)
Boston College

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