Discretionary fiscal policy
A)does not require changes in law.
B)does not require the involvement of Congress or the president.
C)is the same as a tax increase.
D)requires action on the part of the president and Congress.
E)needs the approval of the Federal Reserve Board.

Question

Quizplus · Accepted Answer

Discretionary fiscal policy requires action on the part of the president and Congress. It involves changes in government spending and/or tax policies that are designed to stabilize the economy. These changes typically require legislation and the approval of Congress before they can be implemented.

Discretionary Fiscal Policy