Taxes and government spending that affect fiscal policy without specific action from policymakers are called:
A. automatic stabilizers.
B. discretionary fiscal policy.
C. expansionary fiscal policy.
D. contractionary fiscal policy.
A. automatic stabilizers.
Economics
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How does double taxation affect consumption, saving and economic growth?
What will be an ideal response?
Economics
Suppose the interest rate is 8 percent. Consider three payment options: 1 . $200 today. 2 . $220 one year from today. 3 . $240 two years from today. Which of the following is correct?
a. Option 1 has the highest present value and Option 2 has the lowest. b. Option 2 has the highest present value and Option 3 has the lowest. c. Option 3 has the highest present value and Option 1 has the lowest. d. None of the above is correct.
Economics