Unlike monetary policy, fiscal policy:
A) does not include taxation and government spending.
B) is the tool of the Federal Reserve Bank, or the Fed in the United States.
C) is initiated by the president or by Congress in the United States.
D) consists of manipulations in the interest rates, banking rules, and the volume of currency in a country.

Question

Quizplus · Accepted Answer

Fiscal policy involves government spending and taxation decisions, which in the United States are initiated by the president or Congress, not by the Federal Reserve, which handles monetary policy.

Unlike Monetary Policy, Fiscal Policy