The lowering of taxes in the U.S.by its government is an example of the ________.

Question

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The lowering of taxes by the government (such as the Tax Cuts and Jobs Act of 2017) is an example of fiscal policy, which involves the government changing its levels of spending and taxation to influence the economy. Monetary policy, on the other hand, involves the manipulation of interest rates and the money supply by the Federal Reserve to stabilize the economy. Social policy pertains to issues such as healthcare, education, and welfare, while foreign affairs policy deals with the relations between the U.S. and other countries.

The Lowering of Taxes in the U