A professor of economics at a prominent university recently urged government policy makers to cut taxes and increase government spending in order to pull the economy out of its current downturn.The policy measures called for by the professor are examples of fiscal policy.
Level of Learning 2: Understanding of concepts and principles

Question

Quizplus · Accepted Answer

The statement accurately describes fiscal policy, which involves government spending and taxation measures to influence the economy.

A Professor of Economics at a Prominent University Recently Urged