Answer:
Expansionary fiscal policy occurs when the Congress acts to cut tax rates or increase government spending, shifting the aggregate demand curve to the right. Contractionary fiscal policy occurs when Congress raises tax rates or cuts government spending, shifting aggregate demand to the left.
Answer:
Government.
Explanation:
Laws and politics are elements of the government
This is not true. The capitalist, free-market economic system encourages private investment, competition, and profit. This is also the main difference point between capitalism and communism. Communism is more aligned with the idea of sharing equaly and creating an egalitarian society rather than encouraging private investment, competition, and profit.