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WAEC Economics 1988 Question 37

Question 37

Public Finance

The imposition of high income tax by government to cut down demand is known as

  1. A.monetary policy
  2. B.budgetary policy
  3. C.fiscal policy
  4. D.internal policy
  5. E.development policy.
Show the answer and explanation

Answer: C (fiscal policy)

Explanation

Using taxes and government spending to influence the economy is fiscal policy.