ECON 1101 Winter 2123 Fiscal Policy 1. Find policy consists of fal Sounds of tax revenue (b) Deficit - (e) Surplus = 2. Discretionary Fiscal Policy i. Contractionary\fin. Supply-Side 1. Automatic Fiscal Policy 4. Limitations of Fiscal Policy [a] Why government spending is better than taxation i. ii. (b) Why taxation is better than government spending