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Government spending and revenue collection used to influence the economy is referred to as what?
Wiki User
∙ 11y ago
Fiscal Policy
Wiki User
∙ 11y ago
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What is called fiscal policy?
Fiscal policy is the use of government revenue collection (taxation) and expenditure (spending) to influence the economy
What do you mean by policy?
Fiscal policy refers to the use of government revenue collection and expenditure to influence the economy. It is the means to which a government adjusts its tax rates and spending levels.
What is the approval of government spending?
The approval of government spending comes from Congress. It is referred to as the budget resolution or the deficit resolution.
Is the approval of government spending?
The approval of government spending comes from Congress. It is referred to as the budget resolution or the deficit resolution.
What does fiscal policy involve?
spending levels and tax rates to monitor and influence a nation's economy
If the government were to reduce the tax rate on capital spending how might this influence entrepreneurial spending?
The new answer has either profanity or suspected vandalism.
What influences government spending?
the macroeconomic objectives being pursued by the government will greatly influence government spending . a government aiming to reduce employment and promote economic growth is likely to pursue an expansionary fiscal policy , thus increasing government spending where as a government aiming to control inflation is likely to follow a contractions policy thus reducing its spending.
What concept involes using government spending and taxation to influence the economy?
Fiscal Policy :)
The process by which the government manages spending and taxes to influence the direction of the economy is?
fiscal policy
The theory that government spending should increase during business slumps and curbed during booms is referred to as?
Keynesian Economics
What are the two parts of fiscal policy?
Fiscal policy is a way in which the government can attempt to influence economic activity through spending and taxation. By either increasing spending or decreasing taxes, the government is often attempting to stimulate economic activity during times of recession. By decreasing spending or increasing taxes, the government is trying to slow down economic activity during times of inflation.
A spending plan is referred to as?
The plan for spending money is called a budget. A budget can be utilized by a government, a business, or even an individual.
