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Which of the following is a component of fiscal policy?

Practice Questions

Q1
Which of the following is a component of fiscal policy?
  1. Interest rate adjustments
  2. Taxation
  3. Open market operations
  4. Reserve requirements

Questions & Step-by-Step Solutions

Which of the following is a component of fiscal policy?
  • Step 1: Understand what fiscal policy is. Fiscal policy refers to how a government uses its spending and taxation to influence the economy.
  • Step 2: Identify the two main components of fiscal policy: government spending and taxation.
  • Step 3: Recognize that taxation is a way for the government to collect revenue, which is essential for funding public services and programs.
  • Step 4: Conclude that taxation is indeed a key component of fiscal policy.
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