Discuss the United States fiscal policy; how it is managed, directed, controlled, and formulated (Coursework Sample)

Discuss the United States fiscal policy; how it is managed, directed, controlled, and formulated
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A nation’s economic policy drives its economic stability hence the significance of a well-established fiscal policy. In the United States, the government’s role in the American economy extends beyond regulation of industries to the management of the overall pace of the nation’s economic activity thus playing a role of maintaining a high level of economic stimuli such as employment and stable prices in the market. Through fiscal policy, the United States government can determine the appropriate level of taxes and spending as well as monetary policy that it uses in the management of money supply. Concerning the management of money supply; the Independent United States central bank, the Federal Reserve, plays the role of money supply management and use of credit (monetary policy) as the fiscal policy is determined by the president and Congress who adjusts federal spending and taxes. The fiscal policy is thus an economic strategy that makes use of the government’s taxing and spending powers to impact the national economy. Therefore, this paper discusses the United States fiscal policy by looking at how it is managed, directed, controlled, and formulated.