Asked by Jaire Sheppard on Sep 29, 2024
Which of the following is true of fiscal policy?
A) It is popular with conservatives.
B) It is an approach to stabilize the economy through control of the money supply.
C) It is controlled by the Federal Reserve Bank.
D) It is an approach to stabilizing the economy through government spending and taxing.
E) It requires that, during economic slowdowns, the government tighten its belt on spending.
Fiscal Policy
Government policies related to taxation and public spending, aimed at influencing the economy.
Federal Reserve Bank
The central banking system of the United States, which regulates the U.S. money supply and is responsible for monetary policy.
- Recognize the implications of government policies on economic stability, including fiscal and monetary policies.
Learning Objectives
- Recognize the implications of government policies on economic stability, including fiscal and monetary policies.