Question

much money people and businesses have. when used correctly, it can help the cour grow, keep people working, and control prices.
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1 in your own words, what is fiscal policy?
true or false
2 fiscal policy is mainly about how the government collects and spends money.
3 fiscal policy has no impact on the economy.
section 2: expansionary fiscal policy
when the economy slows down, people may lose jobs, and businesses might close. to help, the government can use expansionary fiscal policy. this usually means cutting taxes

Explanation:

Question 1

Fiscal policy refers to the government's use of taxation and spending to influence the economy, such as promoting growth, creating jobs, and controlling prices.

Fiscal policy involves the government's revenue (tax collection) and expenditure (spending) decisions to manage the economy. So the statement matches the definition.

Fiscal policy, through tax and spending changes, impacts economic growth, employment, and prices (as hinted in the text). So saying it has no impact is wrong.

Answer:

Fiscal policy is the government's strategy of collecting (via taxes) and spending money to influence the economy, like boosting growth, maintaining employment, and regulating prices.

Question 2