Step-by-step answers are written by subject experts who are available 24/7. Local referendums. Tixes a. b. c. fullscreen. Practice FP questions for the test. Taxes. Solution for Explain the Economic Concepts of the Fiscal Policy : 1. inception 2. tools 3. goals During a recession, by lowering taxes or increasing government spending, fiscal policy On the one hand, more taxes means more income for the government, but it also results in less income in the hand of the people. a) Primary defecit. Taxation includes taxes on income, property, sales, and investments. The government collects money from the public through income taxes, sales taxes, and other indirect taxes. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Federal Reserve Tools Fiscal Policy Tools Discount rate taxing Reserve Requirement spending borrowing One tool is missing from the Federal Reserve’s list of tools. Let’s have a look at them – #1 – Taxes. Fiscal policy refers to use of government expenditure, taxation policies for influencing macro economic situation of country.J M Keynes was major economist who suggest use of fiscal policy to influenc view the full answer Answer : c. Question 2 : Fiscal policy in India is formulated by. If the economy was going into a recession, what … Choose the 2 answers below that are fiscal policy tools of the Federal Government. check_circle Expert Answer. * The main fiscal policy tools are taxation and spending; in contrast, monetary policy involves the availability and cost of money, or more specifically, credit. Two Primary Tools of fiscal policy. Answer. ... policy is one that containes money. Want to see the step-by-step answer? Fiscal policy tools can achieve, or at least attempt to achieve, both economic and political goals. Questions are typically answered in as fast as 30 minutes. c) Finance Ministry. 6. Discount Rate. The main tools of the fiscal policy of any government are two. Start studying Practice Fiscal Policy Questions. There are four monetary policy tools: open market operations , which is the buying and selling of government bonds; and changes to reserve requirements, the discount rate, and the interest paid on required and excess reserves. Top Answer. A government has two tools at its disposal under the fiscal policy – taxation and public spending. This is the main tool through which the government collects money from the public. Tags: Question 16 . Q. b) Planning Commission. this is the release and subsctraction of amount of money in economy by variuos tools (like loans to banks). answer choices . a) Reserve Bank of India. Government Spending. Answer : c. Question 3 : If we deduct grants to states for the creation of capital assets from revenue deficit, we arrive at. fiscal policy tools. 30 seconds . See Answer. d) Securities and Exchange Board of India. Want to see this answer and more? 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