What does the term, "fiscal policy," mean?
A) actions taken by the Federal Reserve to change the interest rate.
B) actions taken by the Financial Accounting Standards Board to establish standards for accountants.
C) actions taken by the Surgeon General to set standards for diet and exercise.
D) actions taken by the government involving spending and collection of revenues.

Question

Quizplus · Accepted Answer

Fiscal policy refers to the government's use of spending and taxation policies to influence the economy. It involves decisions about how much the government spends on certain programs and services, and how much it collects in taxes from individuals and businesses. The goal of fiscal policy is to promote economic growth, employment, and stability.

What Does the Term, "Fiscal Policy," Mean