Fiscal policy
CLEP American Government, Chapter 17 Fiscal policy Fiscal policy uses federal taxing and spending decisions to influence economic activity and allocate public resources. Congress enacts revenue laws and supplies budget authority; the president recommends priorities, signs or vetoes legislation, and administers enacted programs through executive agencies. A presidential budget is an agenda and bargaining document, […]
Economic policy
CLEP American Government, Chapter 17 Economic policy Economic policy seeks broad goals such as stable prices, high employment, sustainable growth, and a stable financial system. These goals can pull in different directions in the short run. Rapid demand may support jobs while adding inflationary pressure; efforts to restrain inflation may slow hiring and investment. Policymakers […]
