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Economics-- please help! Your country takes in $350 million each year in tax money but chooses to spend $150 million on various services it provides. What type of stance does your country take on fiscal
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Economics-- please help!

Your country takes in $350 million each year in tax money but chooses to spend $150 million on various services it provides. What type of stance does your country take on fiscal policy?

neutral stance

expansionary stance

economic stance

contractionary stance

User Montgomery
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Contractionary fiscal policy. This occurs when government is spending less than the total tax revenue it receives. The policy is a result of raising taxes and/or reducing spending.
User Jimmeh
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