Fiscal policy is defined as changes in federal government spending and taxation to achieve macroeconomic objectives such as price stability, high rates of economic growth, and high employment.
This is further explained below.
Generally, In practically every nation on the planet, governments impose taxes as mandatory levies on people or things.
In conclusion, Modifications made to the spending and taxing policies of the federal government in order to accomplish macroeconomic goals such as price stability, high rates of economic growth, and high employment are examples of fiscal policy.
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