Discretionary fiscal policy by the federal government involves
A. legislative variations in spending and tax policies.
B. using built-in stabilizers to smooth economic activity.
C. relying on wage and price controls to ensure price level stability.
D. presidential variations in spending and taxes without Congressional approval.
A. legislative variations in spending and tax policies.
Economics
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If your income increases from $30,000 to $40,000 and your savings increases from $2,000 to $4,000 . your marginal propensity to save (MPS) is:
a. 0.2. b. 0.4. c. 0.5. d. 0.8. e. 1.0.
Economics
Long-run unemployment arises from a single problem that has a single solution
a. True b. False Indicate whether the statement is true or false
Economics