Countercyclical taxing and spending policy is known as:

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Countercyclical taxing and spending policy is a key aspect of Keynesian economics, which emphasizes the role of government intervention in stabilizing the economy during economic downturns. This approach involves using fiscal policy (e.g. government spending, taxation, and borrowing) to stimulate demand during recessions and to moderate demand during periods of economic expansion. Fiscal federalism, economic nationalism, and central economic planning do not necessarily involve countercyclical policy, and supply-side economics focuses more on promoting economic growth through reducing taxes and regulations.

Countercyclical Taxing and Spending Policy Is Known As