The use of government taxation and expenditures to achieve macroeconomic goals is called
A) cyclical policy.
B) monetary policy.
C) fiscal policy.
D) industrial policy.

Question

Quizplus · Accepted Answer

Fiscal policy involves the use of government taxation and expenditures to achieve macroeconomic goals, such as stabilizing the economy, reducing unemployment, and controlling inflation. Cyclical policy refers to specific actions taken during a recession or economic boom to stabilize the economy, while monetary policy involves the manipulation of interest rates and other monetary tools to influence the economy. Industrial policy pertains to government interventions in specific industries or sectors to promote growth and development.

The Use of Government Taxation and Expenditures to Achieve Macroeconomic