a bill was introduced into congress last year suggesting changes to the income tax. congress now passed this…

a bill was introduced into congress last year suggesting changes to the income tax. congress now passed this new tax - reform act in the last session and over the next few years the new laws will begin to impact the nation. this is an example of what type of policy? select one: a. macroeconomic monetary policy b. state policies c. microeconomic monetary policy d. macroeconomic fiscal policy

a bill was introduced into congress last year suggesting changes to the income tax. congress now passed this new tax - reform act in the last session and over the next few years the new laws will begin to impact the nation. this is an example of what type of policy? select one: a. macroeconomic monetary policy b. state policies c. microeconomic monetary policy d. macroeconomic fiscal policy

Answer

Brief Explanations:

Tax - related policies passed by Congress are fiscal policies. Fiscal policy deals with government spending and taxation. Since it impacts the nation as a whole, it is a macroeconomic policy. Monetary policy is related to money supply and interest rates, which is not the case here. Also, this is a federal (Congress - related) policy, not a state policy.

Answer:

D. Macroeconomic fiscal policy