CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
5
You visited us 5 times! Enjoying our articles? Unlock Full Access!
Question

Which of the following refers to the use of taxes and public expenditures to help dampen the swings associated with the business cycle?

A
Fiscal policy
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
Monetary policy
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Government debt
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Balanced budget
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A Fiscal policy

Use of taxes and public expenditures to help dampen the swings associated with the business cycle is called fiscal policy. It is a means by which government adjusts its spending levels and tax rates to monitor and influence a nation's economy.


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Tools of Fiscal Policy
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon