The tax cuts of 2001 and 2003 that came in the form of tax rebate checks are good examples of ______ fiscal policy

Question

Quizplus · Accepted Answer

The tax cuts of 2001 and 2003 were discretionary fiscal policies because they were deliberate actions taken by the government to stimulate the economy. Non-discretionary fiscal policies are automatic stabilizers, such as unemployment benefits or progressive income taxes, that kick in automatically without specific government action. Non-conjunctive and universally discredited are not terms commonly used in fiscal policy discussions.

The Tax Cuts of 2001 and 2003 That Came in the Form