Changes in govt. spending and tax collection designed to achieve a full employment and non-inflationary domestic out put is called___________________?
Correct answer: C. Fiscal policy
- A. Economizing problem
- B. Economic planning
- C. Fiscal policy
- D. None
Explanation
Fiscal policy uses government spending and taxation to influence employment, output, and inflation. Monetary policy instead works mainly through the money supply and interest rates.
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