Asked by
kaleb swanner
on Oct 13, 2024
Verified
Fiscal policy is
A) periodic fluctuations in the level of economic activity.
B) manipulation of the money supply and credit in the economy to reduce fluctuations in the business cycle.
C) government policy concerning the manipulation of its spending and taxation to reduce fluctuations in the business cycle.
D) the sum of government agricultural subsidies plus transfer payments.
E) government expenditures minus tax revenues.
Fiscal Policy
Governmental actions related to changes in taxation and spending levels intended to influence economic activity.
Business Cycle
The natural rise and fall of economic growth that occurs over time, consisting of periods of expansion, peak, contraction, and trough.
- Comprehend the fundamentals of fiscal policy and its application in economic stabilization.
Verified Answer
SH
Learning Objectives
- Comprehend the fundamentals of fiscal policy and its application in economic stabilization.