When President Obama tried to influence the economy by cutting taxes and increasing government spending, he was applying

Name: When President Obama tried to influence the economy by cutting taxes and increasing government spending, he was applying
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Question

Quizplus · Accepted Answer

Fiscal policy refers to government actions that affect the level of taxation and government spending. Cutting taxes and increasing government spending are both components of fiscal policy, therefore President Obama was implementing fiscal policy.

When President Obama Tried to Influence the Economy by Cutting