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LoginNeutral, expansionary, and contractionary strategies are related to which policy of the government?
1. Monetary policy
2. Banking policy
3. Budgetary policy
4. Fiscal policy
Economy GENERAL QA IN ECONOMY 2 years ago
The Correct Answer is Fiscal Policy.
- Fiscal policy refers to the use of government spending and tax policies to influence economic conditions.
- Fiscal policy is largely based on ideas from John Maynard Keynes, who argued governments could stabilize the business cycle and regulate economic output.
- During a recession, the government may employ expansionary fiscal policy by lowering tax rates to increase aggregate demand and fuel economic growth.
- When inflation mounts, the government may pursue a contractionary fiscal policy.
Posted on 06 Oct 2022, this text provides information on Economy related to GENERAL QA IN ECONOMY. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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