Discretionary fiscal policy does not require specific action or policy changes c

Question

Discretionary fiscal policy does not require specific action or policy changes changes with levels of GDP requires action taken in conjunction with the Federal Reserve System, requires specific action by Congress to change taxes and government spending Federal policy changes that uses automatically changes taxes and or government to help stabilize the economy are known as discretionary fiscal policy nondiscretionary fiscal policy expansionary fiscal policy contractionary fiscal policy This is built into our progressive tax structure and income-based welfare discretionary fiscal policy fiscal policy expansionary fiscal policy contractionary fiscal policy Fiscal policy used to expand aggregate demand is discretionary fiscal policy fiscal policy expansionary fiscal policy contractionary fiscal policy decrease aggregate demand is discretionary fiscal policy fiscal policy expansionary fiscal policy contractionary fiscal policy

Explanation / Answer

Answer 46:

Option A.

Answer 47:

Option A.

Answer 48:

Option A.

Answer 49:

Option c. It means increasing government spending and reducing taxes to increase the aggregate demand.

Answer 50:

Option D. It leads to decreasing government spending and increasing taxes to decrease aggregate demand.

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