The power to raise or lower the tax rate is part of ________.

Question

Quizplus · Accepted Answer

The power to raise or lower tax rates is part of fiscal policy, which is the government's use of taxation and spending to influence the economy. Monetary policy, on the other hand, involves the use of interest rates and money supply to control inflation and economic growth. The contracting power refers to the ability of parties to negotiate and agree on the terms of a contract. Discretionary spending policy and budgetary policy are related to government spending and budgeting.

The Power to Raise or Lower the Tax Rate Is