Discretionary fiscal policy is so named because it
A) is undertaken at the order of the nation's central bank.
B) involves specific changes in taxes and government spending undertaken by Congress and the president.
C) occurs automatically as the nation's level of GDP changes.
D) involves secret advice given by the Council of Economic Advisers to the president.
B
Economics
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International trade
a. raises the standard of living in all trading countries. b. lowers the standard of living in all trading countries. c. leaves the standard of living unchanged. d. raises the standard of living for importing countries and lowers it for exporting countries.
Economics
The foundational principle that makes insurance companies work is called:
A. risk assignment. B. risk analysis. C. catastrophic causation. D. risk pooling.
Economics