Discretionary Fiscal Policy differs from Nondiscretionary Fiscal Policy in that
A. the former is built into the system, whereas the latter requires timely decisions.
B. the former requires timely decisions, whereas the latter is built into the system.
C. the former deals with interest rates, and the latter deals with tax policy.
D. the former deals with tax policy, and the latter deals with interest rates.
Answer: B
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A) production associated loss. B) barrier associated loss. C) deadweight loss. D) trade loss.
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