Fiscal Policy

Fiscal Policy

Multiple Choice

The government is going to increase its tax on imported goods

• Expansionary Fiscal Policy

• Contractionary Fiscal Policy

Multiple Choice

The Bureau of Internal Revenue (BIR) has been making headway in its campaign to catch tax evaders in order to collect more taxes

• Expansionary Fiscal Policy

• Contractionary Fiscal Policy

Multiple Choice

The rate of inflation rate is 4.4% this first quarter of 2021

• Expansionary Fiscal Policy

• Contractionary Fiscal Policy

Multiple Choice

The unemployment rate rose to 17.7% accounting to 7.3 million unemployed Filipinos in the labor force in April 2020 due to pandemic

• Expansionary Fiscal Policy

• Contractionary Fiscal Policy

Multiple Choice

The PH government borrowed more funds to mitigate the impact of Covid-19.

• Expansionary Fiscal Policy

• Contractionary Fiscal Policy

Open Ended

What is the importance of monetary policy in the economy?