Refer to the figure below. $400 SITIO0 C SNOTHE 200 O -200 -400 -800 -1000 -1200 -1400 -1600 -1800 -2000 -2200 -2400 -2600 -2800 -3000 -3200 -3400 Budget surpluses Budget deficits 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2015 2018 2020 YEAR Since 1994, in how many years has the federal budget had a surplus? Instructions: Enter your response as a whole number. years 4

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Fiscal Policy and Money Market

Fiscal policy is one of the important tools that is used by the government to control inflation or aggregate demand in the economy. Under this policy, there are two rules which are used by the government, one is the expenditure of the government and the other is the taxation or income of the government which it collects from the public.