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- Select the following government actions that would be considered part of fiscal policy. The government borrows money from the Federal Reserve system to increase the money supply. The government lowers taxes in order to stimulate the economy. Wages rise due to a good economy. The Federal Reserve lowers interest rates to stimulate the economy.Fiscal stance refers toWhat do taxes pay for? Schools, government departments, roads, and emergency services Privately-owned businesses Operation of financial institutions None of the above
- key limitations to fiscal policyWho prepares and passes the federal budget? The President and Congress State Legislatures The President CongressFederal budget deficits occur when Interest payment on national debt increase from one year to the next. High level of unemployment uses up tax collections. Federal government spends more money than it collects in taxes in a given year. More money is being spent by the government than it was being allocated.
- Strengthts and weaknesses of fiscal policies.Question 30 The largest portion of the federal budget is dedicated to discretionary spending. mandatory outlays. interest payments. tax collection. defense spending.Fiscal policy refers to a) the spending and taxing policies used by the government to influence the economy. b) the behaviour of the nation's central bank, regarding the nation's money supply. c) the techniques used by a firm to reduce its tax liability. d) the government's ability to regulate a firm's behaviour in the financial markets.