The use of government revenue and expenditure to achieve set objectives is known as
ECONOMICS
JAMB 2008
The use of government revenue and expenditure to achieve set objectives is known as
- A. budget
- B. fiscal policy
- C. revenue allocation
- D. monetary policy
Correct Answer: B. fiscal policy
Explanation
Fiscal policy refers to the use of government spending and tax policies to influence economic conditions such as aggregate demand for goods and services, employment, inflation, and economic growth.
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