5 Which one of the following statements regarding fiscal policy and the budget is correct?(a) When the government plans to stimulate economic activity, it can increasespending or reduce taxes;(b) Revenue from tax is always greater than government spending in SouthAfrica;(c) Demand management only refers to fiscal policy;(d) A contractionary fiscal policy should be implemented to combatunemployment

Q: ncrease transfer payments B) increase government purc ncrease consumption taxes D) increase interest…

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Q: cial utive

A: The branch of federal government which must approve a budget is the legislative.

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A: Answer is given below

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