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JAMB Economics 2004 Question 22

Question 22

Public Finance

Fiscal policy is the government's plan to control aggregate demand by manipulating

  1. A.the demand and supply of money
  2. B.revenue and expenditure
  3. C.tastes and preferences of consumers
  4. D.the structure of production and employment
Show the answer and explanation

Answer: B (revenue and expenditure)

Explanation

Fiscal policy uses government taxation (revenue) and spending (expenditure) to influence the economy. Controlling money is monetary policy.