Fiscal policy is the use of government spending, taxation, and transfer payments to influence macroeconomic conditions, including aggregate demand, employment, inflation, and economic growth (which affects the size of the economy, i.e., GDP).
Fiscal policy refers to
Asked in WBCS Main Paper 5 2022 · Topic: Fiscal Policy & Revenue (Objectives and Components of Fiscal Policy)
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Answer: A. tax and expenditure policy used by the govern‐ ment to influence the size of the economy.
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