What does fiscal policy primarily involve?

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Government oversight of financial institutionsGovernment decisions on taxation and expenditure to steer the economyCentral bank measures to regulate the money supplyThe government's approach toward tax collection

Explanation

Fiscal policy encompasses the government's strategies related to taxation and public spending aimed at influencing economic activity. It is distinct from monetary policy, which involves the central bank's control over the money supply, and from regulatory actions concerning financial institutions.