A. only the expenditures side of the budget.
B. only the receipts side of the budget.
C. both expenditures and receipts.
D. neither expenditures nor receipts.
2006-09-12 03:28:29 · 2 answers · asked by iluvhipos 3 in Politics & Government ➔ Law & Ethics
Fiscal policy is tax and spending policy -- expenditure and receipts. Normally contrasted with monetary policy (interest rates and government borrowing).
The gold standard (or its proxies: the euro, or a "currency board" system, or 100% reserves as with the Scottish and Northern Irish banknotes) limits the possibility of monetary policy by a particular sovereign.
2006-09-12 03:59:36 · answer #1 · answered by Anonymous · 2⤊ 0⤋
C. Plus it refers to the annual budget, and amount of deficit or surplus is expected for the year, and the actual ways the moneys appropriated or spent are authorized
2006-09-12 10:32:57 · answer #2 · answered by Anonymous · 0⤊ 0⤋