Active changes in tax and spending by government intended to smooth out the business cycle are called ________, and changes in taxes and spending that occur passively over the business cycle are called ________.
A) automatic stabilizers; discretionary fiscal policy
B) discretionary fiscal policy; automatic stabilizers
C) automatic stabilizers; monetary policy
D) discretionary fiscal policy; conscious fiscal policy
E) active monetary policy; passive monetary policy
Correct Answer:
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Q28: _ is/are the largest source of revenue
Q29: Fiscal policy is defined as changes in
Q30: The majority of dollars spent by government
Q31: As a percentage of GDP, government expenditures
Q34: If government spending is to be considered
Q35: Which of the following is the largest
Q36: Included in government expenditures are government purchases
Q36: Which of the following is an example
Q37: Forecasts of health care spending in Canada
Q38: Health care costs are likely to
A)decline in
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