Lowering taxes and government spending is a type of

Question

Quizplus · Accepted Answer

Lowering taxes and government spending is a type of fiscal policy, which refers to the use of government spending and taxation to influence the economy. This type of policy is meant to stimulate economic growth by increasing consumer spending and business investment. Monetary policy (A) refers to the actions taken by a central bank, such as adjusting interest rates, to control the money supply and influence economic activity. Microeconomic policy (C) refers to policies that address specific issues within individual markets, while protectionist policy (D) refers to policies that restrict trade with other countries to protect domestic industries.

Lowering Taxes and Government Spending Is a Type of