Skip to content

Course home

3.5.3 What is fiscal policy

Card 1 of 22

What are the two fiscal policy levers?

A

Cutting taxes or raising government spending to increase spending in the economy.

B

The Bank of England sets interest rates through monetary policy.

C
  • Government spending
  • Taxation
D

When growth is weak or unemployment is high.

Card 1 of 22

3.5.3 What is fiscal policy Flashcards

  1. GCSE
  2. /Economics
  3. /3.5.3 What is fiscal policy

22 flashcards on OCR GCSE Economics 3.5.3 What is fiscal policy: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.

Flashcards