asked 206k views
2 votes
What means fiscal policy?

asked
User Jcoglan
by
7.7k points

1 Answer

2 votes

Answer: Fiscal policy is implemented by the Government.

Explanation: Fiscal policy generally relates to the expenditure of the Government and its taxation policies. It affects budget deficit. Changes in the fiscal policy affects aggregate demand and aggregate supply.

It is put up when there is a deliberate change in government revenues and expenditure. It is majorly used to control inflation and to overcome recession, for example in the recent Covid 19 recession.

answered
User Nathan Campos
by
8.1k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.