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aleksandr82 [10.1K]
3 years ago
7

What is fiscal​ policy?

Business
1 answer:
zavuch27 [327]3 years ago
8 0

Answer:

What is fiscal policy? The correct answer is D) Fiscal policy can be described as changes in government spending and taxes to achieve macroeconomic policy objectives.

Who is responsible for fiscal​ policy? The correct answer is A) The federal government controls fiscal policy.

Explanation:

What is fiscal policy? In order to achieve macroeconomic goals and influence the economy, fiscal policy adjusts goverments spendings and tax rates.

Who is responsible for fiscal policy? The responsibility for fiscal policy holds the federal government, the legislative branch (Congress) such as the executive branch (president & Secretary of treasure).  

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The correct answer is A; Welfare payments given to people who have never worked.

Further Explanation:

There are numerous types of subsidies that are given to American citizens. The government gives these through grants and loans. The person or business that is applying for the subsidy must meet certain criteria. In addition to the federal government local cities and states can give out their own subsidies to people or businesses.

If students meet the criteria they can be given low interest loans to attend college. Farmers are given money so that they can plant their crops that make their farm run. If a teacher has previously had a loan and is working in a high poverty area, they can get a federal subsidy to forgive all of their previous student debt.

Welfare payments are not a subsidy. The payments are given to families that are below the poverty line. They must show proof that they do not have the money they need to make it month by month. Welfare payments can only be given for a certain amount of time and then they are taken away. The families must be looking for a job or show why they can't work.

WIC is a federal subsidy given to parents with children aged 5 and under for milk, and certain food products for the child.

Learn more about the federal subsidy program at brainly.com/question/8824353

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A journal entry includes a debit to Salaries and Wages Expense of $5,000; a debit to Salaries and Wages Payable of $3,000; and a
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