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Author Question: Describe the difference between discretionary and automatic fiscal policy. What will be an ideal ... (Read 171 times)

abarnes

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on: Jun 29, 2018
Describe the difference between discretionary and automatic fiscal policy.
 
  What will be an ideal response?

Question 2

Using the economic way of thinking, what is the least efficient use of water?
 
  A) Drinking
  B) Bathing
  C) Filling balloons
  D) It depends on the water user's estimate of cost and benefit.


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fur

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Reply #1 on: Jun 29, 2018
Answer to Question 1

Discretionary fiscal policy is initiated by an act of Congress. Automatic fiscal policy is determined by the state of the economy; no act of Congress is necessary to initiate automatic fiscal policy.

Answer to Question 2

D


abarnes

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Reply #2 on: Jun 29, 2018
Thank you :)


fur

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Reply #3 on: Jun 29, 2018
Happy to help you


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