Asked by Rebecca Shumate on Apr 24, 2024
Verified
The use of taxing and spending powers to shape the economy is part of ________ policy.
A) fiscal
B) monetary
C) distributive
D) redistributive
Fiscal Policy
Government policies concerning taxation, government spending, and borrowing to influence the economy.
Taxing Powers
The authority granted to governments to impose taxes on individuals and entities to raise revenue for public purposes.
Spending Powers
Refers to the financial capabilities or authority of an entity, especially a government, to expend funds for various programs or purposes.
- Explain the idea and effects of fiscal and monetary policies on the economy of a country.
Verified Answer
Learning Objectives
- Explain the idea and effects of fiscal and monetary policies on the economy of a country.
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