Fiscal policy refers to the:

government's ability to regulate the functioning of financial markets.

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spending and taxing policies used by the government to influence the level of economic activity.

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techniques used by firms to reduce its tax liability.

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the policy by the central bank to regulate cash rate.

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Solution

The correct option is B
spending and taxing policies used by the government to influence the level of economic activity.

Fiscal policy refers to the government spending and taxing policies to influence the level of economic activity.

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