Asked by

Brayden Salomon
on Oct 08, 2024

verifed

Verified

A government using fiscal policy in an attempt to stimulate the economy would do which of the following?

A) Raise taxes.
B) Raise interest rates.
C) Lower interest rates.
D) Raise government spending.

Fiscal Policy

Government strategies concerning spending and taxation to influence the economy, aiming to control inflation, unemployment, and encourage economic growth.

Government Spending

The total of all public expenditures made by government agencies, including investments and consumption.

Interest Rates

The cost of borrowing money, typically expressed as a percentage of the amount borrowed, paid to lenders over a specified period.

  • Comprehend the use of fiscal policy to stimulate economic activities.
verifed

Verified Answer

PE
Payten ElizabethOct 10, 2024
Final Answer:
Get Full Answer