Discretionary fiscal policy is defined as fiscal policy
A) left to the discretion of military authorities.
B) initiated by an act of Congress.
C) initiated by a Presidential proclamation.
D) triggered by the state of the economy.
E) with multiplier effects.
B
Economics
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The perpetual state of insufficiency of resources to satisfy people's unlimited wants is
a. apparent only in poor countries b. a contradiction that cannot be resolved c. completely unrealistic d. present in modern economies, but not in the past e. the definition of scarcity
Economics
Protectionism may fail to reduce a current account deficit because it
a. depreciates the dollar. b. invites retaliation, which hurts exports. c. encourages exports. d. does not reduce imports.
Economics