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Define the Term Fiscal Policy

question 40

Essay

Define the term fiscal policy. Describe America's evolution of thought with regard to this policy, from laissez-faire, to one based in Keynesian economic theory, to "supply-side economics." Which do you believe is the best approach for America, and why?

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Definitions:

Written Records

Documents that preserve information or events in a written form, serving as a primary source for historical, legal, and administrative purposes.

Haitian Revolution

A successful anti-slavery and anti-colonial insurrection by self-liberated slaves against French colonial rule in Saint-Domingue, now the sovereign nation of Haiti, from 1791 to 1804.

Thomas Jefferson

The third President of the United States (1801-1809), principal author of the Declaration of Independence (1776), and one of the most influential Founding Fathers for his promotion of the ideals of democracy and republicanism.

Independent Nation

A sovereign state with complete autonomy and self-governance, not controlled by any foreign power.

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