school hours should be short. Students have a limited amount of power in school, which is one of the main reasons for cutting classes. Students feel as though schools try to contain them and that they are not able to be themselves.
(a) Fiscal reserves is not a back-up asset, but represents the total amount of resources that the Government can use on a day-to-day basis. The level of reserves reflects the Government's entire cash balance. Fiscal reserves serves to meet our day-to-day operational expenses and public works expenditures.
The Basics of Fiscal Policy In this section we will cover the basics of fiscal policy. Fiscal policy is carried out by the executive and legislative branches of government that make policy regarding government spending programs and taxation. Unlike monetary policy that can be changed by the Chairman of the Federal Reserve immediately, fiscal policy is part of the process of making laws and government budgeting, although emergency expenditures can be undertaken.