BUSINESS ADMINISTRATION
BUSINESS POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The President and Congress
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The Federal Reserve System
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The National Council of Economic Advisors
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The commerce Department
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Detailed explanation-1: -In the executive branch, the President and the Secretary of the Treasury, often with economic advisers’ counsel, direct fiscal policies. In the legislative branch, the U.S. Congress passes laws and appropriates spending for any fiscal policy measures.
Detailed explanation-2: -Fiscal policy refers to the tax and spending policies of the federal government. Fiscal policy decisions are determined by the Congress and the Administration; the Fed plays no role in determining fiscal policy.
Detailed explanation-3: -governments. To provide the basis for this assignment and give medium term guidance on fiscal matters, the Constitution provides for the formation of a Finance Commission (FC) every five years. Based on the report of the FC the central taxes are devolved to the state governments.