The principle of judging fiscal measures by the way they work is called:

Name: The principle of judging fiscal measures by the way they work is called:
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The principle of judging fiscal measures by the way they work, rather than by traditional notions of balancing budgets, is known as functional finance. This approach focuses on the outcomes of fiscal policies, such as their impact on employment and inflation, rather than merely aiming to balance income and expenditure.

The Principle of Judging Fiscal Measures by the Way They