Which of the following terms is used to describe the set of policies that relate to government spending, taxation, and borrowing? financial policies monetary policies fiscal policies economic policies

Question

Howie

Business

5 November, 10:27

Which of the following terms is used to describe the set of policies that relate to government spending, taxation, and borrowing? financial policies monetary policies fiscal policies economic policies

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Answers (1)

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Reynaldo Kirby · Answer 1

fiscal policies

Explanation:

Fiscal policy refers to the way that the government modifies its total spending and tax rates in order to guide the nation's economy. Fiscal policies work together with monetary policies (regulation of money supply) as a government attempt to influence the economic cycle. When the government implements an expansionary fiscal policy (increase spending and decrease taxes) it will attempt to boost economic growth.