The use of government taxes and spending to alter economic outcomes is known as
A)Monetary policy.
B)Fiscal policy.
C)Incomes policy.
D)Foreign trade policy.

Question

Quizplus · Accepted Answer

Fiscal policy is the use of government taxes and spending to alter economic outcomes. Monetary policy refers to the actions taken by a central bank to regulate the supply of money and credit in the economy. Incomes policy pertains to the government’s efforts to influence wage and price levels, while foreign trade policy concerns a country's regulations and actions regarding international trade.

The Use of Government Taxes and Spending to Alter Economic