| 单词 | easy fiscal policy |
| 释义 | easy fiscal policy A policy of cutting taxes, increasing government spending, and not worrying about the resulting budget deficits and increases in government debt. Such a policy is likely to be advocated when the economy is depressed. While this policy is tempting when investment and employment are below normal, it has dangers for the future. Taxes can be raised again when the economy recovers, but once people have got used to increased state spending, cuts are politically very unpopular, and servicing a large government debt has deadweight costs. Any government that adopts an easy fiscal policy is thus storing up trouble for its successors. |
| 随便看 |
|
英汉经管词典收录了3426条经济管理类英汉双解词条，基本涵盖了经济学、管理学、金融学、会计学、证券期货、商务活动等领域的常用英语单词及短语词组的翻译及用法，是学习及工作的有利工具。