The economic term used to describe the government's influence on savings and the levels of government spending is _____.

Question

Quizplus · Accepted Answer

Fiscal policy refers to the use of government spending and taxation to influence the economy. This includes decisions on how much money the government will spend, as well as how much it will tax individuals and businesses, which can impact levels of savings. Monetary policy, on the other hand, involves regulating the money supply and interest rates to achieve economic objectives. Debt policy and recovery techniques/guidelines are not commonly used economic terms.

The Economic Term Used to Describe the Government's Influence on Savings