Explanation:
Fiscal policy is based on the theories of British economist John Maynard Keynes, which hold that increasing or decreasing revenue (taxes) and expenditures (spending) levels influence inflation, employment, and the flow of money through the economic system. Fiscal policy is often used in combination with monetary policy, which, in the United States, is set by the Federal Reserve to influence the direction of the economy and meet economic goals.
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After the French were unable to complete the canal, the US took charge of its completion in 1904, and US President Theodore Roosevelt concluded that the US should receive all of the advantages.
He forbade other Panamanian merchants from establishing enterprises in the canal, and US military personnel were employed to complete the project.
Fiscal policy is termed as the policy that is wholly based on the increase and decrease of the revenue or the taxes of the different aspects of the economy like employment level, inflation, money flow in the economy, and the various others that are prevailing in the economic system.
It is used with the intuition to combine with the other monetary policy of the economy and then set the federal reserve for the economy to set its goals and acquire the economic goals of the economy.
To know more about the fiscal policy and the monetary policy, refer to the link below:
https://brainly.com/question/6915561
