What are the two broad sets of tools for managing the economy?

Question

Quizplus · Accepted Answer

The two broad sets of tools for managing the economy are fiscal policy, which involves government spending and taxation, and monetary policy, which involves managing the money supply and interest rates. Option B and D are incorrect as economic development policy and economic regulatory policy are specialized policies that fall under fiscal and monetary policies respectively. Option C is also incorrect as economic development policy is not a broad set of tool for managing the economy. Option E is irrelevant to the question.

What Are the Two Broad Sets of Tools for Managing