JAMB Economics 1999 Question 43

Question 43

Public Finance

Fiscal policy involves changes in

  1. A.open market operations
  2. B.revenue and expenditure of government
  3. C.money supply to the economy
  4. D.imports and exports.
Show the answer and explanation

Answer: B (revenue and expenditure of government)

Explanation

Fiscal policy is the use of government taxes (revenue) and spending to influence the economy; open market operations and money supply are monetary policy.