The type of policy that governs taxing and spending powers is

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Fiscal policy is the policy that governs the taxing and spending powers of a government. It involves decisions on how much money the government should collect in taxes and how much it should spend on various programs and services. This policy is often used to stabilize and boost economic growth by increasing government spending during times of recession and reducing spending during times of inflation.

The Type of Policy That Governs Taxing and Spending Powers