Which of the following is not part of fiscal policy?

a) Income tax
b) National insurance
c) VAT
d) Interest rates

Answer: d) Interest rate

Economics

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If the price of a good is increased and total revenue received from the sale of this good increases, then the price elasticity of demand for the good is

A) elastic. B) inelastic. C) unitary. D) None of the above

Economics

Resource owners will supply additional units of a resource as long as doing so

a. decreases their opportunity cost b. increases their income c. increases their utility d. decreases their income taxes e. improves their working conditions

Economics