ECONOMICS
FISCAL POLICY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Decisions made by Congress & the White House that focused on the taxes and government spending.
|
|
Fiscal policy
|
|
|
Monetary policy
|
|
|
Discretionary spending
|
|
|
Mandatory spending
|
Explanation:
Detailed explanation-1: -There are three types of fiscal policy. They are neutral policy, expansionary policy, and contractionary policy.
Detailed explanation-2: -In contractionary fiscal policy, the government collects greater taxes than its expenditures. Ans. In India, the Finance Ministry is in charge of drafting and developing the fiscal policy.
Detailed explanation-3: -Monetary policy refers to central bank activities that are directed toward influencing the quantity of money and credit in an economy. By contrast, fiscal policy refers to the government’s decisions about taxation and spending. Both monetary and fiscal policies are used to regulate economic activity over time.
There is 1 question to complete.