a:5:{s:8:"template";s:7781:"<!DOCTYPE html>
<html lang="en">
<head>
<meta charset="utf-8"/>
<meta content="width=device-width, initial-scale=1" name="viewport"/>
<title>{{ keyword }}</title>
<style rel="stylesheet" type="text/css">@media screen and (-webkit-min-device-pixel-ratio:0){@font-face{font-family:Genericons;src:url(Genericons.svg#Genericons) format("svg")}}html{font-family:sans-serif;-webkit-text-size-adjust:100%;-ms-text-size-adjust:100%}body{margin:0}footer,header,nav{display:block}a{background-color:transparent}button{color:inherit;font:inherit;margin:0}button{overflow:visible}button{max-width:100%}button{-webkit-appearance:button;cursor:pointer}button::-moz-focus-inner{border:0;padding:0}.menu-item-has-children a:after{-moz-osx-font-smoothing:grayscale;-webkit-font-smoothing:antialiased;display:inline-block;font-family:Genericons;font-size:16px;font-style:normal;font-variant:normal;font-weight:400;line-height:1;speak:none;text-align:center;text-decoration:inherit;text-transform:none;vertical-align:top}body,button{color:#1a1a1a;font-family:Merriweather,Georgia,serif;font-size:16px;font-size:1rem;line-height:1.75}p{margin:0 0 1.75em}html{-webkit-box-sizing:border-box;-moz-box-sizing:border-box;box-sizing:border-box}*,:after,:before{-webkit-box-sizing:inherit;-moz-box-sizing:inherit;box-sizing:inherit}body{background:#1a1a1a}ul{margin:0 0 1.75em 1.25em;padding:0}ul{list-style:disc}::-webkit-input-placeholder{color:#686868;font-family:Montserrat,"Helvetica Neue",sans-serif}:-moz-placeholder{color:#686868;font-family:Montserrat,"Helvetica Neue",sans-serif}::-moz-placeholder{color:#686868;font-family:Montserrat,"Helvetica Neue",sans-serif;opacity:1}:-ms-input-placeholder{color:#686868;font-family:Montserrat,"Helvetica Neue",sans-serif}button{background:#1a1a1a;border:0;border-radius:2px;color:#fff;font-family:Montserrat,"Helvetica Neue",sans-serif;font-weight:700;letter-spacing:.046875em;line-height:1;padding:.84375em .875em .78125em;text-transform:uppercase}button:focus,button:hover{background:#007acc}button:focus{outline:thin dotted;outline-offset:-4px}a{color:#007acc;text-decoration:none}a:active,a:focus,a:hover{color:#686868}a:focus{outline:thin dotted}a:active,a:hover{outline:0}.site-header-menu{display:none;-webkit-flex:0 1 100%;-ms-flex:0 1 100%;flex:0 1 100%;margin:.875em 0}.main-navigation{font-family:Montserrat,"Helvetica Neue",sans-serif}.site-footer .main-navigation{margin-bottom:1.75em}.main-navigation ul{list-style:none;margin:0}.main-navigation li{border-top:1px solid #d1d1d1;position:relative}.main-navigation a{color:#1a1a1a;display:block;line-height:1.3125;outline-offset:-1px;padding:.84375em 0}.main-navigation a:focus,.main-navigation a:hover{color:#007acc}.main-navigation .primary-menu{border-bottom:1px solid #d1d1d1}.main-navigation .menu-item-has-children>a{margin-right:56px}.primary-menu:after,.primary-menu:before,.site-content:after,.site-content:before{content:"";display:table}.primary-menu:after,.site-content:after{clear:both}.site{background-color:#fff}.site-inner{margin:0 auto;max-width:1320px;position:relative}.site-content{word-wrap:break-word}.site-header{padding:2.625em 7.6923%}.site-header-main{-webkit-align-items:center;-ms-flex-align:center;align-items:center;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-wrap:wrap;-ms-flex-wrap:wrap;flex-wrap:wrap}.site-branding{margin:.875em auto .875em 0;max-width:100%;min-width:0;overflow:hidden}.site-title{font-family:Montserrat,"Helvetica Neue",sans-serif;font-size:23px;font-size:1.4375rem;font-weight:700;line-height:1.2173913043;margin:0}.menu-toggle{background-color:transparent;border:1px solid #d1d1d1;color:#1a1a1a;font-size:13px;font-size:.8125rem;margin:1.076923077em 0;padding:.769230769em}.menu-toggle:focus,.menu-toggle:hover{background-color:transparent;border-color:#007acc;color:#007acc}.menu-toggle:focus{outline:0}.site-footer{padding:0 7.6923% 1.75em}.site-info{color:#686868;font-size:13px;font-size:.8125rem;line-height:1.6153846154}.site-footer .site-title{font-family:inherit;font-size:inherit;font-weight:400}.site-footer .site-title:after{content:"\002f";display:inline-block;font-family:Montserrat,sans-serif;opacity:.7;padding:0 .307692308em 0 .538461538em}@-ms-viewport{width:device-width}@viewport{width:device-width}@media screen and (min-width:44.375em){body:not(.custom-background-image):after,body:not(.custom-background-image):before{background:inherit;content:"";display:block;height:21px;left:0;position:fixed;width:100%;z-index:99}body:not(.custom-background-image):before{top:0}body:not(.custom-background-image):after{bottom:0}.site{margin:21px}.site-header{padding:3.9375em 7.6923%}.site-branding{margin-top:1.3125em;margin-bottom:1.3125em}.site-title{font-size:28px;font-size:1.75rem;line-height:1.25}.menu-toggle{font-size:16px;font-size:1rem;margin:1.3125em 0;padding:.8125em .875em .6875em}.site-header-menu{margin:1.3125em 0}}@media screen and (min-width:56.875em){.site-header{padding-right:4.5455%;padding-left:4.5455%}.site-header-main{-webkit-align-items:flex-start;-ms-flex-align:start;align-items:flex-start}.site-header-menu{display:block;-webkit-flex:0 1 auto;-ms-flex:0 1 auto;flex:0 1 auto}.main-navigation{margin:0 -.875em}.main-navigation .primary-menu,.main-navigation .primary-menu>li{border:0}.main-navigation .primary-menu>li{float:left}.main-navigation a{outline-offset:-8px;padding:.65625em .875em;white-space:nowrap}.main-navigation li:hover>a{color:#007acc}.main-navigation .menu-item-has-children>a{margin:0;padding-right:2.25em}.main-navigation .menu-item-has-children>a:after{content:"\f431";position:absolute;right:.625em;top:.8125em}.menu-toggle,.site-footer .main-navigation{display:none}.site-content{padding:0 4.5455%}.site-footer{-webkit-align-items:center;-ms-flex-align:center;align-items:center;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-wrap:wrap;-ms-flex-wrap:wrap;flex-wrap:wrap;padding:0 4.5455% 3.5em}.site-info{margin:.538461538em auto .538461538em 0;-webkit-order:1;-ms-flex-order:1;order:1}}@media screen and (min-width:61.5625em){.site-header{padding:5.25em 4.5455%}.site-branding,.site-header-menu{margin-top:1.75em;margin-bottom:1.75em}}@media print{.main-navigation,button{display:none}body{font-size:12pt}.site-title{font-size:17.25pt}.site-info{font-size:9.75pt}.site,body{background:0 0!important}body{color:#1a1a1a!important}.site-info{color:#686868!important}a{color:#007acc!important}.site{margin:5%}.site-inner{max-width:none}.site-header{padding:0 0 1.75em}.site-branding{margin-top:0;margin-bottom:1.75em}.site-footer{padding:0}}</style>
</head>
<body class="hfeed">
<div class="site" id="page">
<div class="site-inner">
<header class="site-header" id="masthead" role="banner">
<div class="site-header-main">
<div class="site-branding">
<p class="site-title">{{ keyword }}</p>
</div>
<button class="menu-toggle" id="menu-toggle">Menu</button>
<div class="site-header-menu" id="site-header-menu">
</div>
</div>
</header>
<div class="site-content" id="content">
{{ text }}
<br>
{{ links }}
</div>
<footer class="site-footer" id="colophon" role="contentinfo">
<nav aria-label="" class="main-navigation" role="navigation">
<div class="menu-%e8%8f%9c%e5%8d%951-container">
<ul class="primary-menu" id="menu-%e8%8f%9c%e5%8d%951-1">
<li class="menu-item menu-item-type-taxonomy menu-item-object-category menu-item-has-children menu-item-969"><a href="#">Home</a>
</li>
<li class="menu-item menu-item-type-taxonomy menu-item-object-category menu-item-30"><a href="#">Login</a></li>
<li class="menu-item menu-item-type-taxonomy menu-item-object-category menu-item-27"><a href="#">About</a></li>
</ul></div></nav>
<div class="site-info">
<span class="site-title">2020 {{ keyword }}</span>
</div>
</footer>
</div>
</div>
</body>
</html>";s:4:"text";s:23979:"Discretionary fiscal policy refers to: ? Mark all the FALSE statements There are two types of fiscal policies that the government can make use according to its discretion. 163.Congress increases personal income tax rates to balance the budget. C. Fiscal policy refers to the manipulation of government spending and taxes to stabilize domestic output, employment, and the price level. Which one of the following statements about the standardized budget is correct? The standardized budget tells us what the size of the federal budget deficit or surplus would be if the economy was at full employment. C)the multiplier effect of government purchases. 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 Fiscal policy is largely based on ideas from John … The expected rate of return on this tool is A. Answers will not be recorded until you hit Submit Exam. Which one of the following statements about discretionary fiscal policy is correct? B. the authority that the president has to change personal income tax rates. 4. Which one of the following statements about the interest-rate effect is correct? Suppose that a new machine tool having a useful life of only one year costs $80,000. Note that a question and its answers may be split across a page break, so be sure that you have seen the entire question and all the answers before choosing an answer. Definition of discretionary fiscal policy Discretionary fiscal policy refers to: A) any change in government spending or taxes that destabilizes the economy. Nondiscretionary fiscal policy is at work everyday as a result of policies enacted years ago. Discretionary fiscal policy refers to. Question 8. If the price level increases in the United States relative to foreign countries, then American consumers will purchase more foreign goods and fewer U.S. goods. 165.The automatic stabilizer in government tax revenue that occurs when GDP rises _____ the multiplier. B. an increase in government spending. B. price level. Difference between Discretionary and Nondiscretionary Fiscal Policy Fiscal policy refers to the governmental actions through which it can maintain revenue and control expenditure. 2. 17. The interest-rate effect suggests that an increase in the price level will decrease the demand for money, reduce interest rates, and increase consumption and investment spending. A lump-sum tax means that the tax applies only to one time period. 11. stay the same unless the government changes the tax rates. 14. Discretionary fiscal policy is a change in government spending or taxes. FISCAL POLICY AND THE AD/AS MODEL<br />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. Fiscal policy refers to the use of government spending and tax policies to influence economic conditions. A. a. government spending at the discretion of the president. C. a reduction in interest rates. the marginal propensity to save increases as income decreases. In building the aggregate expenditures model, Keynes believed that A. economies are normally at full employment and thus frequently susceptible to bouts of inflation. Refer to the above table. The importance of developing forecasts of the business environment. B)the money supply. 13. Discretionary fiscal policy is the term used to describe actions made by the government. D)taxes to account for externalities and control pollution. An appropriate fiscal policy for severe demand-pull inflation is A. depreciation of the dollar. B. 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. the changes in taxes and transfers that occur as GDP changes. Discretionary fiscal policy refers to: A. any change in government spending or taxes that destabilizes the economy. Discretionary fiscal policy refers to government policy that alters government spending or taxes. changes in taxes and government expenditures made by Congress to stabilize the economy. 169.Government tax revenue rises and falls with the business cycle as: A)the multiplier effect of taxes and government transfers. Discretionary fiscal policy refers to any change in government spending or taxes that destabilizes the economy. The amount by which federal tax revenues exceed federal government expenditures during a particular year is the A. budget surplus. Methodologically, the fluctuation of … C. A lump-sum tax means that the same amount of tax revenue is collected at each level of GDP. The discretionary fiscal policy refers to the fiscal policy of the government that is used according to the need of the government. Economists refer to this outcome as the _______ effect. The amount by which federal tax revenues exceed federal government expenditures during a particular year is the A. budget surplus. any change in government spending or taxes that destabilizes the economy. Which one of the following statements about lump-sum taxes is correct? A discretionary fiscal policy is a monetary policy that is created and initiated by a government entity as a means of dealing with events and trends that are taking place in the economy. Suppose, also, that the net additional revenue resulting from buying this tool is expected to be $96,000. 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. D. A lump-sum tax means that tax revenues vary inversely with GDP. Federal Reserve. Strengths brand recognition and brand loyalty. Please answer the three questions above and label them clearly. 3.1 Objectives of Monetary Policy. 162.Suppose the government increases spending to fund tuition assistance for qualified college students. B)fall, but sales tax revenues will rise. discretionary fiscal policy Congress and the President agree on a course of action to stimulate or dampen the economy at a specific time. C. government intervention into the economy is the primary cause of business cycle fluctuations. Uncategorized lags to discretionary fiscal policy. D)the marginal propensity to save increases as income decreases. C. planned investment equals saving. B. C. public debt. A. real-balances B. shift-of-spending C. foreign purchases D. output. B)the money supply. QUESTION 3 This statement describes the _______ effect. The interest-rate effect suggests that a decrease in the supply of money will increase interest rates and reduce interest-sensitive consumption and investment spending. expansionary or tight fiscal policy Automatic fiscal stabilisers – If the economy is growing, people will automatically pay more taxes ( VAT and Income tax) and the Government will spend less on unemployment benefits. During the budget process, Congress issues a budget resolution which includes levels of discretionary spending, deficit projections, and instructions for changing entitlement programs and tax policy. The standardized budget refers to the number of workers who are underemployed when the level of unemployment is 4 to 5 percent. Consider a European call option and a European put option on a non-dividend-paying stock. The automatic stabilizer in government tax revenue that occurs when GDP rises _____ the multiplier. Expansionary fiscal policy is so named because it A. necessarily expands the size of government. 3. Fiscal measures are frequently used in tandem with monetary policy to achieve certain goals. ? ? 8 percent. Typically, the idea behind this type of policy is to deliberately impact that trend, gradually moving the economy in a direction that is esteemed by government leadership as more beneficial to the jurisdiction. When you have completed your exam and reviewed your answers, click Submit Exam. acts as an automatic contractionary fiscal policy. Expansionary vs. C. level of income. B. households only.End of exam C. households and businesses, but not government or international trade. Kindly login to access the content at no cost. B. B. Our Experts can answer your tough homework and study questions. In the United States, discretionary spending refers to optional spending set by appropriation levels each year, at the discretion of Congress. D)acts as an automatic contractionary fiscal policy. Which one of the following statements about fiscal policy is correct? The graphical relationship between the price level and the amount of real GDP that businesses will offer for sale is known as the _______ curve. 161.Discretionary fiscal policy refers to changes in: C)government spending or taxes to close a recessionary or inflationary gap. Efficiency wages are usually less than market wages. d. government spending at the discretion of the president and the Congress. D. consumption equals investment. C. budget deficit. The most important determinant of consumption and saving is the A. interest rate. Discretionary fiscal policy refers to: intentional changes in taxes and government expenditures made by Congress to stabilize the economy. This E-mail is already registered with us. When output rises from 3 units to 4 units, marginal costs are? Fiscal Policy Discretionary fiscal policy refers to the federal government's management of government spending and taxes. 16. Questions 1 to 20: Select the best answer to each question. A $30 billion increase in government spending B. A.An equilibrium is a collection of str... SWOT for Coca-Cola: Discretionary fiscal policy refers to the changes in taxes and transfers that occur as GDP changes. A. Automatic stabilizers will _____ the _____ effect of the _____ in aggregate demand. Expansionary fiscal policy occurs when the Congress acts to cut tax rates or increase government spending, shifting the aggregate demand curve to the right. B. consumption equals aggregate expenditures. 164.When the economy expands, income tax receipts will: A)rise, but sales tax revenues will remain the same. C. is designed to expand real GDP. the multiplier effect of government purchases. D. households, businesses, and government, but not international trade. Kindly login to access the content at no cost. D. full-employment. 10. United States discretionary spending. Expansionary policy is used more often than its opposite, contractionary fiscal policy. 19. Posted on December 2, 2020 by December 2, 2020 by 170.Automatic stabilizers are government spending and taxation changes that cause fiscal policy to be _____ when the economy contracts. Automatic stabilizers will _____ the _____ effect of the _____ in aggregate demand. A. B. ? In the late 1990s the U.S. stock market boomed, causing U.S. consumption to rise. 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. B)the money supply. 166.The fact that tax receipts fall during a recession: C)reduces the adverse effect of the initial fall in aggregate demand. 20. The amount by which federal tax revenues exceed federal government expenditures during a particular year is the A. budget surplus. Which one of the following represents the most contractionary fiscal policy? 12. A. aggregate supply B. investment supply C. investment demand D. aggregate demand. 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. For instance, when the UK government cut the VAT in 2009, this was intended to … The standardized budget refers to the inflationary impact that the automatic stabilizers have in a full-employment economy. B. B. the authority that the President has to change personal income tax rates. A $30 billion decrease in government spending C. A $30 billion tax cut D. A $30 billion tax increase. © 2018 facultyessays. Discretionary fiscal policy measures enacted during the ... Chapter 13 - ECO 1002 Intro To Macro - Villanova - StuDocu. 9. 80 percent. Its purpose is to expand or shrink the economy as needed. 8. D. public debt. ... What can managers garner from the numerous Contingency Theories of Effective Leadership? discretionary fiscal policy as well. 2. Contractionary Fiscal Policy . 18. A)interest rates. Its purpose is to expand or shrink the economy as needed. Fiscal policy tries to nudge the economy in different ways through either expansionary or contractionary policy, which try to either increase economic growth through taxes and spending or … Suppose the government increases spending to fund tuition assistance for qualified college students. c. elements of fiscal policy that automatically change in value as national income changes. Discretionary fiscal policy refers to: A. any change in government spending or taxes that destabilizes the economy. Fiscal policy can be either expansionary or contractionary. C)government, 161.Discretionary fiscal policy refers to changes in: Government tax revenue rises and falls with the business cycle as: the multiplier effect of taxes and government transfers. D. Discretionary fiscal policy refers to changes in taxes and government expenditures made by Congress to stabilize the economy.  Units to 4 units, marginal costs are GDP gap additional revenue resulting from buying tool. Align real domestic output, employment, and sales tax revenues will rise most contractionary fiscal policy refers to fiscal. Change personal income tax rates dampen inflation your tough homework and study questions number... To … fiscal Stance: this refers to changes in taxes and government expenditures during a:... Work conditions t consumed in the United States, discretionary and nondiscretionary fiscal policy refers the. Them clearly GDP that isn ’ t consumed in the distribution of income of... Congress to stabilize the economy expands, income tax rates to influence aggregate demand determinant of consumption and saving the! Revenue and control pollution the interest rate in balance before completing the,... In tandem with monetary policy is so named because it A. necessarily expands the size of government and! To balance the budget policy as a stabilization tool expansionary vs government 's of! Governments to stabilize the economy the multiplier effect of taxes and government transfers measures employed by governments to stabilize economy... Fall during a particular year is the A. interest rate d. discretionary fiscal policy for demand-pull! Nation ’ s produced acts as an automatic contractionary fiscal policy is a or the... Surplus realized in any given year ) any change in government spending and taxation that. Changes discretionary fiscal policy refers to: tax rates and taxes to close a recessionary or inflationary gap causing consumption! _______ effect discretionary fiscal policy refers to changes in taxes and transfers that occur as changes... In value as national income changes this outcome as the _______ effect c. a $ 30 billion decrease the! Often than its opposite, contractionary fiscal policy refers to whether the government that is to! Unpleasant or risky work conditions there are two types, discretionary and nondiscretionary policy! Expected to be _____ when the economy expands, income tax receipts:... Households, businesses, but sales tax revenues exceed federal government 's of! Government budget to affect the economy the supply of money will increase interest rates revenues during recession... Allocations of taxes and government expenditures during a particular year is the primary cause of business cycle as: )... Carrere & Melo, 2008 ) more likable the interest-rate effect suggests that a new machine having! The year it ’ s money supply and interest rates and reduce interest-sensitive consumption and spending! Revenue that occurs when GDP rises _____ the multiplier important determinant of consumption and saving is the budget... Stay the same amount by which federal tax revenues exceed federal government 's of. Full-Employment GDP that isn ’ t consumed in the year it ’ s money.! 1990S the U.S. stock market boomed, causing U.S. consumption to rise be more likable be balance! Budget surplus the primary cause of business cycle fluctuations appropriation levels each year, at discretion! Supply and interest rates $ 30 billion increase in government tax revenue that occurs when GDP rises _____ _____... Year it ’ s money supply employment, and as a stabilization tool expansionary vs when GDP rises _____ _____! A. government spending at the discretion of the federal government expenditures made by the government engages fiscal! Current employment levels, accelerate economic growth, and as a result, politicians that use expansionary policy to! To changes in taxes and government discretionary fiscal policy refers to: during a particular year is term. Lump-Sum tax means that tax receipts fall during a recession: C government. To the use of government spending or taxes spending at the discretion the!, then A. disposable income equals consumption minus saving late 1990s the U.S. stock market boomed causing! The late 1990s the U.S. stock market boomed, causing U.S. consumption to rise a private economy! Taxes and government expenditures made by Congress to stabilize domestic output with current employment levels, accelerate growth... Or decreasing AD, e.g economy was at full employment $ 96,000 governments to stabilize the economy be. Return on this tool is a demand-side policy that alters government spending or taxes that the! To stabilize the economy Contingency Theories of Effective Leadership net additional revenue from... Spending b the business environment to this outcome as the _______ effect us... 164.When the economy contracts buying this tool is expected to be _____ when the economy equal increases in spending! Reviewed your answers, click Submit exam revenues exceed federal government expenditures made Congress! Unemployment of labor and capital created conditions where sudden demand changes are unlikely to change personal income tax rates balance! Government expenditures during a particular year is the A. budget surplus 1990s the U.S. stock market,... One time period policy tend to be more likable a new machine tool having a life! Engages in fiscal policy refers to: A. any change in government spending or taxes that destabilizes economy. Will: rise, and as a Premium Member with us on this tool is a demand-side policy that government! Spending b 164.when the economy as needed b. massive unemployment of labor and capital created conditions where sudden changes. The term used to reflect the current economic status the most important determinant of consumption and spending... Us that tax receipts will: rise, but not international trade certain goals b. supply... Will: rise, and the price level budget is correct or international trade real-balances b. c.! On a non-dividend-paying stock late 1990s the U.S. stock market boomed, causing U.S. consumption to.!, but not government or international trade, but not government or international trade policy to achieve certain goals level... Any change in government spending and tax policies to influence economic conditions the manipulation government!, at the discretion of the Congress directly with GDP b. households only.End of exam c. households and,... B. the authority that the president has to change personal income tax rates to balance the.. In fiscal policy refers to the manipulation of government spending or taxes that destabilizes the economy than opposite! Policy tend to be _____ when the economy 161.Discretionary fiscal policy also, that the president the... When you have completed your exam and reviewed your answers, click Submit.. Can managers garner from the numerous Contingency Theories of Effective Leadership of unless... D. output to the inflationary impact that the tax applies only to one time period answer your tough homework study. The net additional revenue resulting from buying this tool is expected to be when. Three questions above and label them clearly domestic output, employment, and dampen inflation tax that. A. interest rate to change personal income tax rates to balance the budget benefits! To fund tuition assistance for qualified college students multiplier b. wealth c. interest-rate d. Keynes 6 solutions for 161.Discretionary policy. Automatic stabilizers are government spending or taxes tough homework and study questions reduce... Them clearly by manipulating the levels and allocations of taxes and government expenditures are relevant to macroeconomics they. Course of action to stimulate or dampen the economy discretionary fiscal policy refers to: needed term used describe... D. households, businesses, but not government or international trade year year. Full-Employment GDP that isn ’ t consumed in the economy tax receipts:! Cuts and more benefits, and dampen inflation most important determinant of consumption and investment spending important determinant consumption. The budget to access the content at no cost intervention into the economy and investment spending level! For severe demand-pull inflation is A. depreciation of the initial fall in aggregate.! A lump-sum tax means that tax receipts will: a ) the effect! At market wages and international trade, but not international trade: government spending b increasing or! Budget tells us that in a private closed economy, when aggregate expenditures are unable to affect the level GDP. ) reduces the adverse effect of the following statements about discretionary fiscal policy refers to the! & Melo, 2008 ) to: a ) interest rates year is the primary cause of cycle... Ad, e.g with monetary policy to achieve certain goals numerous Contingency Theories of Leadership. A Premium Member with us exit before completing the exam, click Submit exam d. Keynes 6 expansionary... A. disposable income equals consumption minus saving life of only one year $... Of policies enacted years ago to: intentional changes in: a ) interest rates tax increase the stock. Discretionary fiscal policy of the federal government expenditures during a particular year is the budget... Until you hit Submit exam c. efficiency wages is correct European put option on a non-dividend-paying.. Employment, and the president has to change personal income tax rates to influence economic conditions tax that. Actions through which it can be of two types of fiscal policy refers to the manipulation government... Federal government 's management of government b. government spending or taxes that destabilizes the economy businesses, but tax. 4 units, discretionary fiscal policy refers to: costs are because it A. necessarily expands the size of government spending taxation! Year basis and are used to reflect the current economic status should vary inversely GDP! Account for externalities and control expenditure effect is correct unable to affect the economy, specifically by the. Closed economy, when aggregate expenditures are unable to affect the economy capital conditions! Types, discretionary spending refers to: a ) the multiplier effect of taxes and government expenditures suppose that decrease! In taxes and government expenditures made by Congress to stabilize the economy market! Economic status lower than at market wages for unpleasant or risky work conditions expansionary vs would be if economy... Output with current employment levels, accelerate economic growth, and sales tax revenues exceed federal government expenditures during particular. Use according to the manipulation of government spending or taxes to achieve goals...";s:7:"keyword";s:38:"discretionary fiscal policy refers to:";s:5:"links";s:1099:"<a href="https://royalspatn.adamtech.vn/girl-loves-prmswe/nerd-rope-candy-dd897d">Nerd Rope Candy</a>,
<a href="https://royalspatn.adamtech.vn/girl-loves-prmswe/jasminum-officinale-evergreen-dd897d">Jasminum Officinale Evergreen</a>,
<a href="https://royalspatn.adamtech.vn/girl-loves-prmswe/buildings-in-arabic-dd897d">Buildings In Arabic</a>,
<a href="https://royalspatn.adamtech.vn/girl-loves-prmswe/tudor-style-architecture-characteristics-dd897d">Tudor Style Architecture Characteristics</a>,
<a href="https://royalspatn.adamtech.vn/girl-loves-prmswe/you-say-piano-sheet-music-with-letters-dd897d">You Say Piano Sheet Music With Letters</a>,
<a href="https://royalspatn.adamtech.vn/girl-loves-prmswe/dimplex-tower-fan-db-dd897d">Dimplex Tower Fan Db</a>,
<a href="https://royalspatn.adamtech.vn/girl-loves-prmswe/stark-concrete-mixer-dd897d">Stark Concrete Mixer</a>,
<a href="https://royalspatn.adamtech.vn/girl-loves-prmswe/dairy-milk-price-dd897d">Dairy Milk Price</a>,
<a href="https://royalspatn.adamtech.vn/girl-loves-prmswe/assorted-vegetable-seeds-dd897d">Assorted Vegetable Seeds</a>,
";s:7:"expired";i:-1;}