Discretionary fiscal policy refers to the deliberate manipulation of taxes and government spending by Congress to alter real domestic output and employment, control inflation, and stimulate economic growth. Automatic stabilizers will _____ the _____ effect of the _____ in aggregate demand. Expansionary policy is used more often than its opposite, contractionary fiscal policy. On the other hand, discretionary fiscal policy is an active fiscal policy that uses expansionary or contractionary measures to speed the economy up or slow the economy down. Fiscal Policy Discretionary fiscal policy refers to the federal government's management of government spending and taxes. 1. B. consumption equals aggregate expenditures. C)government : 2032664. 167.Fiscal policies that require no government action but that are expansionary when the economy contracts and contractionary when the economy expands are known as: 168.Because the revenue from personal income taxes increases as disposable income increases: B)the marginal propensity to consume decreases as income increases. ? Discretionary fiscal policy refers to changes in taxes and government expenditures made by Congress to stabilize the economy. Automatic stabilizers will _____ the _____ effect of the _____ in aggregate demand. Discretionary Fiscal Policy Refers Fiscal policy lecture notes 1 herts studocu econ100 tutorial 10 week 13 questions and answers uow ap economics: chapter 12 quiz discretionary fiscal policy refers to 163.Congress increases personal income tax rates to balance the budget. c. elements of fiscal policy that automatically change in value as national income changes. changes in taxes and government expenditures made by Congress to stabilize the economy. D. The standardized budget refers to the size of the federal government’s budgetary surplus or deficit when the economy is operating at full employment. B)the money supply. Refer to the above table. acts as an automatic contractionary fiscal policy. D. changes in aggregate expenditures are unable to affect the level of real output in the economy. C. The standardized budget refers to that portion of a full-employment GDP that isn’t consumed in the year it’s produced. C)stay the same unless the government changes the tax rates. a. government spending at the discretion of the president. Please answer the three questions above and label them clearly. 19. D. consumption equals investment. 11. The most important determinant of consumption and saving is the A. interest rate. The graphical relationship between the price level and the amount of real GDP that businesses will offer for sale is known as the _______ curve. Fiscal policy refers to the use of government spending and tax policies to influence economic conditions. Discretionary fiscal policy refers to: A. any change in government spending or taxes that destabilizes the economy. Which one of the following represents the most contractionary fiscal policy? Fiscal measures are frequently used in tandem with monetary policy to achieve certain goals. C. government intervention into the economy is the primary cause of business cycle fluctuations. the multiplier effect of government purchases. The expected rate of return on this tool is A. This E-mail is already registered as a Premium Member with us. Suppose that a new machine tool having a useful life of only one year costs $80,000. 169.Government tax revenue rises and falls with the business cycle as: A)the multiplier effect of taxes and government transfers. This statement describes the _______ effect. D. The standardized budget tells us that tax revenues should vary inversely with GDP. A $30 billion decrease in government spending C. A $30 billion tax cut D. A $30 billion tax increase. Expert solutions for 161.Discretionary fiscal policy refers to changes in: A)interest rates. A. C)the multiplier effect of government purchases. B. 2.2.1 Discretionary fiscal policy as a stabilization tool The standardized budget tells us that in a full-employment economy the federal budget should be in balance. 162.Suppose the government increases spending to fund tuition assistance for qualified college students. Discretionary fiscal policy refers to: intentional changes in taxes and government expenditures made by Congress to stabilize the economy. 3 DEMAND-SIDE POLICIES: MONETARY POLICY. C. The standardized budget tells us the actual budget deficit or surplus realized in any given year. discretionary fiscal policy as well. The higher the influence of the automatic stabilizers, the lesser the economy stimulus packages should be adopted by an economy which is currently affected by the economic and financial crisis, that is, a discretionary fiscal policy. ... What can managers garner from the numerous Contingency Theories of Effective Leadership? Unless otherwise stated, fiscal policy refers to discretionary fiscal policy. 8 percent. A. Discretionary fiscal policy is the term used to describe actions made by the government. C. Discretionary fiscal policy refers to the authority that the President has to change personal income tax rates. the marginal propensity to save increases as income decreases. Fiscal policies that require no government action but that are expansionary when the economy contracts and contractionary when the economy expands are known as: Because the revenue from personal income taxes increases as disposable income increases: the marginal propensity to consume decreases as income increases. Discretionary fiscal policy refers to changes in: government spending or taxes to close a recessionary or inflationary gap. Automatic stabilizers will _____ the _____ effect of the _____ in aggregate demand. C. Fiscal policy refers to the manipulation of government spending and taxes to stabilize domestic output, employment, and the price level. Discretionary fiscal policy refers to government policy that alters government spending or taxes. Strengths brand recognition and brand loyalty. 9. 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discretionary fiscal policy refers to:

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