ECONOMICS (CBSE/UGC NET)

ECONOMICS

MONETARY POLICY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The decisions about FISCAL policy in the United States are made by
A
The Federal Reserve Board of Governors
B
Major wall street banks
C
Congress and the President
D
all the above
Explanation: 

Detailed explanation-1: -In the United States, fiscal policy is directed by both the executive and legislative branches of the government. In the executive branch, the President and the Secretary of the Treasury, often with economic advisers’ counsel, direct fiscal policies.

Detailed explanation-2: -Fiscal policy is a crucial part of American economics. Both the executive and legislative branches of the government determine fiscal policy and use it to influence the economy by adjusting revenue and spending levels. Those decisions can have significant impacts on your small business.

Detailed explanation-3: -What is the role of Congress in fiscal policy setting? The legislative bodies provide the legal framework for the implementation of fiscal policies. They ensure that fiscal policy is not only sound but also implementable and realistic.

There is 1 question to complete.