Answer to Question #145734 in Economics for Shahir Sheikh

Question

Which explains the role of the federal budget in fiscal policy?

a. It sets targets for businesses so that they know what to charge and spend in the upcoming year.
b. It helps prevent government from accidentally pursuing a contractionary policy.
c. It estimates government revenue and authorizes government spending for each year.
d. It places limits on the spending plans approved by Congress.

Answer 1

c. It estimates government revenue and authorizes government spending for each year