Asked by
Grace Vickers
on Oct 13, 2024
Verified
Fiscal policy revolves around the
A) federal budget.
B) money supply.
C) national debt.
D) paradox of thrift.
Fiscal Policy
Government strategies involving taxation and spending to influence the economy, aiming at achieving economic stability and growth.
Federal Budget
An annual financial statement presenting the government's proposed revenues and spending for the upcoming fiscal year.
- Pinpoint and evaluate the processes and success of discretionary fiscal policy in managing economic oscillations.
- Assess the impact of governmental fiscal measures like spending, taxation, and transfer payments on economic growth, stability, and employment levels.
Verified Answer
VM
Learning Objectives
- Pinpoint and evaluate the processes and success of discretionary fiscal policy in managing economic oscillations.
- Assess the impact of governmental fiscal measures like spending, taxation, and transfer payments on economic growth, stability, and employment levels.