Asked by Carla Cortez on Jun 09, 2024
Verified
The responsibility for making fiscal policy lies with ________,and the administration of fiscal
Policy occurs primarily in the ________.
A) the president; Federal Reserve Board
B) the president; Treasury Department
C) Congress; Treasury Department
D) Congress; Department of Commerce
Fiscal Policy
Government policies related to taxation and spending to influence the economy.
Treasury Department
A sector of the government responsible for managing government revenue, including producing coins and bills, issuing Treasury bonds, and other financial instruments.
Administration
The management and organization of all the activities of a government or institutional body.
- Describe the concept and impact of fiscal and monetary policies on national economy.
Verified Answer
AR
Akash RangeshJun 10, 2024
Final Answer :
C
Explanation :
According to the U.S. Constitution, the power to make fiscal policy lies with Congress. The Treasury Department is the primary agency responsible for the administration of fiscal policy, including collecting taxes and managing government spending.
Learning Objectives
- Describe the concept and impact of fiscal and monetary policies on national economy.