When an economy is in an economic boom,discretionary fiscal policy would call for _____________,and the automatic stabilizers would _____________.

Name: When an economy is in an economic boom,discretionary fiscal policy would call for _____________,and the automatic stabilizers would _____________.
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Question

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During an economic boom, discretionary fiscal policy would typically involve increasing tax rates to cool down the economy, while automatic stabilizers would naturally increase tax revenues as incomes rise.

When an Economy Is in an Economic Boom,discretionary Fiscal Policy