The economic term used to describe the government's influence on savings and changing the levels of government spending is ___.

Question

Business

Hanna Becker

11 August, 02:39

The economic term used to describe the government's influence on savings and changing the levels of government spending is ___.

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Answers (1)

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Precious Fitzgerald · Answer 1

Fiscal policy

Explanation:

Fiscal policy -

The term fiscal policy is based on the idea of British economist John Maynard Keynes.

It is the policy by which the government spending and policies of tax are used in order to alter the economic growth, inflation, deflation, employment, services etc, is referred to as fiscal policy.

Hence, from the given information of the question,

The correct term is fiscal policy.