Question

1. Fiscal policy refers to.................

2. When a deficit, surplus or debt is referred to as "general government" this means.............

3. Fiscal stance refers to.......

4. Which of the following is not an automatic fiscal stabilizer

a. Income support

b. VAT

c. Unemployment benefits

d. Government expenditure on road building programs

Answer 1

1.Fiscal policy refers to the use of government spending and tax policies to influence economic conditions, especially macroeconomic conditions, including aggregate demand for goods and services, employment, inflation, and economic growth.

2.When a deficit, surplus or debt is referred to as "general government" this means

financial condition of the state for a certain time

3.Fiscal stance refers to expected and desired impact on the future economy due to taxation and government spending.

4.d