Asked by
jessica donnelly
on Oct 13, 2024
Verified
Government policy concerning its spending and taxation is called
A) the quantity theory of money.
B) fiscal policy.
C) business cycles.
D) monetary policy.
E) revenue sharing policy.
Fiscal Policy
Policies established by the government regarding taxes and expenditures designed to affect the economic environment.
- Assess the influence of governmental fiscal decisions on inflation and unemployment dynamics.
- Illustrate the importance of fiscal policy in stabilizing economic fluctuations and specify the limitations of automatic stabilizers.
Verified Answer
CM
Learning Objectives
- Assess the influence of governmental fiscal decisions on inflation and unemployment dynamics.
- Illustrate the importance of fiscal policy in stabilizing economic fluctuations and specify the limitations of automatic stabilizers.