Asked by
Marianne Allado
on Oct 08, 2024
Verified
Government fiscal policy involves changing which of the following?
A) Interest rates.
B) Taxes and government spending.
C) Regulations on business.
D) The amount of money in circulation.
Fiscal Policy
Changes in government spending and tax collections designed to achieve full employment, price stability, and economic growth; also called discretionary fiscal policy.
Taxes
Mandatory financial charges imposed by a government on individuals, corporations, and other entities to fund public expenditures.
Government Spending
The total amount of public funds that a government disburses on various services and projects.
- Understand the financial and monetary instruments utilized by the government and their effects on economic governance.
Verified Answer
CM
Learning Objectives
- Understand the financial and monetary instruments utilized by the government and their effects on economic governance.