Fiscal policy is the means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy.
what is monetary?
Monetary policy is the process by which the monetary authority of a country, typically the central bank or currency board, controls either the cost of very short-term borrowing or the monetary base, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.
In the United States, the government influences economic activity through two approaches: monetary policy and fiscal policy. Through monetary policy, thegovernment exerts its power to regulate the money supply and level of interest rates. Through fiscal policy, it uses its power to tax and to spend.
The economy of Texas is the second largest in the United States. It has a gross state product of ...Texas remained largely rural until World War II though the success of the petroleum industry rapidly expanded the economy with heavy industry ... GDP per capita: $59,927 (2017) Revenues: $71.5447 billion GDP: $1.696 trillion (2017)