The use of government taxes and spending to alter macroeconomic outcomes is known as

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Fiscal policy involves the use of government revenue (taxes) and spending to influence the overall performance of the economy. This can include increasing government spending or lowering taxes during a recession to stimulate economic growth, or decreasing government spending or raising taxes during times of inflation to cool down the economy. Monetary policy, on the other hand, involves the manipulation of interest rates and the money supply by central banks to influence economic activity. Income policy refers to attempts by governments to influence wages and prices in the economy, and foreign trade policy deals with the regulation of imports and exports.

The Use of Government Taxes and Spending to Alter Macroeconomic