Question

The government in a mixed economy seeks to control price mechanism through which of the following policies?

• A. Industrial policy
• B. Fiscal policy
• C. Monetary policy
• D. All of the above

Answer 1

The correct option is D All of the above

In a mixed economy, price mechanism are intervened by the government through many policies which includes industrial policy i.e. industrial acts, wage rate system etc, fiscal policy i.e. taxation policy on goods and services, and monetary policy i.e. central bank's qualitative and quantitative policy.