A fiscal action that is initiated by an act of Congress is called

Question

Quizplus · Accepted Answer

Discretionary fiscal policy is a deliberate action taken by Congress to change government spending or taxation in order to influence the economy. This is different from automatic fiscal policy, which occurs automatically without any intervention from Congress, such as changes in tax revenue due to changes in income levels. Generational fiscal policy and the government expenditure multiplier are not terms that relate directly to fiscal actions initiated by Congress.

A Fiscal Action That Is Initiated by an Act of Congress