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Finance Glossary

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Over 700 finance terms, Shmooped to perfection.

Fiscal Policy


Want to start a discussion around Thanksgiving dinner that will make you face-plant into the mashed potatoes? Bring up fiscal policy. Everyone has an opinion about it.

So what is it?

It's basically the plans and strategies created and used by Congress, the president, and other higher-ups to help out the economy. When the economy is tanking, there's a lot of talk about fiscal policies and what's being done to help things along.