Advertisement

Government Finance and the Level of Income

  • J. Harvey
  • M. Johnson

Abstract

Government spending on goods and services (as distinct from transfers) acts, like investment, as an injection into the circular flow, whereas taxation, like saving, acts as a leak. Thus budgetary policy can be used to manage the flow of AD (see Chapter 14).

Keywords

Government Expenditure National Income Government Spending Capital Gain Unemployment Benefit 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© J. Harvey and Janet Johnson 1973

Authors and Affiliations

  • J. Harvey
    • 1
  • M. Johnson
    • 2
  1. 1.University of ReadingUK
  2. 2.Hatfield PolytechnicUK

Personalised recommendations