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What is fiscal policy? A. The fiscal policy is a collection of techniques used by the Bank of Canada (central bank) to affect the economy of the country. B. The fiscal policy reflects how government imposes taxes on individuals and corporations and how it spends tax revenues. C. The fiscal policy regulates the economic growth and tax rates in a country's economy over a particular period. D. The fiscal policy sets minimum wage regulations to ensure fair employment. The fiscal policy also sets tax brackets for individuals and corporations. How does fiscal policy potentially impact economic growth? When corporate tax rates are increased, after-tax earnings of corporations are which means there is less money for When individual tax rates are increased, individuals have money to spend and, therefore, consume products, which also affects the earnings of corporations