What does the fiscal policy focus on?
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What does fiscal policy most closely focus on?
A. Managing taxes and spending.
B. Controlling the money supply.
C. Regulating businesses.
D. Limiting business transactions.
For many years, the overall economic policy of the United States has been a balancing act between fiscal policy and monetary policy. Explain what is meant by the following:
(A). Fiscal policy
How is fiscal policy set?
Who sets fiscal policy?
How does this policy affect the economy?
(B) Monetary policy
How is monetary policy set?
Who sets monetary policy?
How does this policy affect inflation, the economy?