The power to raise or lower the tax rate is part of

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The power to raise or lower the tax rate is a part of fiscal policy, which is the government's use of taxation and spending to influence the country's economy. Fiscal policy aims to stabilize economic growth, reduce unemployment, and control inflation. Changing tax rates is one of the ways in which the government can influence the economy, and this is the basis of fiscal policy. Monetary policy, on the other hand, involves the central bank's use of interest rates and other tools to manage the money supply and influence economic activity. The contracting power refers to the government's power to enter into contracts, while budgetary policy is another aspect of fiscal policy that deals with the government's financial plan for the year, including spending and revenue goals.

The Power to Raise or Lower the Tax Rate Is