The use of government taxes and spending to alter economic outcomes is known as

Question

Quizplus · Accepted Answer

Fiscal policy involves the use of government taxes and spending to influence economic activity and achieve specific macroeconomic goals such as reducing unemployment, increasing economic growth, and controlling inflation. Monetary policy, on the other hand, involves the management of interest rates and the money supply by a central bank to achieve similar economic objectives. Income policy refers to the measures taken to regulate the distribution of income and purchasing power, while foreign trade policy is concerned with regulating international trade and commerce.

The Use of Government Taxes and Spending to Alter Economic