A group of students is studying for an economics quiz about economic cycles and how the government manages in an economy and a market economy strategies that change spending or taxes in order to influence economic conditions are known as:

Question

A group of students is studying for an economics quiz about economic cycles and how the government manages in an economy and a market economy strategies that change spending or taxes in order to influence economic conditions are known as:
A. fiscal policy 
B. equity promotion 
C. monetary policy 
D. economic stimulus

GPT-4o mini · Answer

The correct answer is: A. fiscal policy. Fiscal policy refers to government strategies that involve changing spending levels and tax rates to influence economic conditions.