The use of the federal budget to achieve macroeconomic objectives is called __________.

A. balanced budgeting

B. fiscal policy

C. fiscal responsibility

D. national debt consolidation

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OC4218648Lv10

2 Jun 2022

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Related questions

A government spending and taxation policy to achieve macroeconomic goals is known as:

a. countercyclical policy.

b. fiscal policy.

c. monetary policy.

d. a balanced budget.

e. presidential discretion.

marooncrow29

Important policy objectives of the federal government include economic growth, high employment, price stability, and a balance in international transactions. The achievement of these objectives is the responsibility of monetary policy, fiscal policy, and debt management carried out by the Federal Reserve System, the President, the Congress, and the U.S. Treasury. Describe the responsibilities of the various policymakers in trying to achieve the four economic policy objectives.