fiscal policy
Pronunciation
Noun
B2 Upper-intermediate
Quick answer
A government's use of spending and taxation to influence the overall economy.
Synonyms and antonyms
Antonyms
monetary policy
Test yourself
Which word fits the gap? "The government used _____, cutting taxes and increasing spending, to try to boost growth during the downturn."
Answer: fiscal policy
In your own words, what does "fiscal policy" mean?
A government's use of spending and taxation to influence the overall economy.
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