5
Question
The revenue and expenditure policy of government is called ________.
The revenue and expenditure policy of government is called ________.
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Solution
The correct option is C fiscal policy
Fiscal policy involves the decisions that a government makes regarding collection of revenue, through taxation and about spending that revenue. It is often contrasted with monetary policy, in which a central bank sets interest rates and determines the level of money supply.
Fiscal policy involves the decisions that a government makes regarding collection of revenue, through taxation and about spending that revenue. It is often contrasted with monetary policy, in which a central bank sets interest rates and determines the level of money supply.
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