Which of the following is an example of discretionary fiscal policy?
A) a decrease in income tax receipts with falling income during a recession
B) tax cuts passed by Congress in 2008 to combat the recession
C) a decrease in food stamps issued during an expansion
D) an increase in unemployment insurance payments during a recession
B
Economics
You might also like to view...
If the real interest rate is 5 percent and the nominal interest rate is 2 percent, this implies an expected inflation rate of
A) -7 percent. B) -3 percent. C) 3.5 percent. D) 7 percent.
Economics
Of the two economic growth theories, which is the most optimistic about the chances of real GDP per person growing indefinitely? Which is the most pessimistic? What accounts for the differences?
What will be an ideal response?
Economics