Question : Tax reform refers to improvements in the taxation and public expenditure policies of the government, which are collectively called__________.
Option 1: fiscal policy
Option 2: fiscal reforms
Option 3: financial reforms
Option 4: financial policy
Correct Answer: fiscal policy
Solution : The correct answer is fiscal policy.
Tax reform refers to improvements in the taxation and public expenditure policies of the government, which are collectively called "fiscal policy." Fiscal policy encompasses government decisions regarding taxation, public spending, and overall economic management to achieve desired macroeconomic outcomes.
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