Which of the following best illustrates the use of discretionary ...

[burton19126]

Which of the following best illustrates the use of discretionary fiscal policy?
 a. Congress providing 1 billion in relief aid for hurricane victims
 b. Congress appropriating 400 million to help the needy and the appropriation being financed by a tax on wealth
  c. Income tax receipts being smaller because of a decline in real GDP during a recession
 d. The Federal Reserve tightening credit when it receives news of accelerating inflation
 e. Congress passing a bill authorizing 2 billion in additional spending when it receives news of a deepening recession

Question 2

In the short-run, total fixed costs always exceed total variable costs.
 a. True
  b. False
  Indicate whether the statement is true or false

[amynguyen1221]

Answer to Question 1

e

Answer to Question 2

False

[burton19126]

Excellent

[anyusername12131]

Gracias!