Statement I: The workings of the automatic stabilizers are part of discretionary fiscal policy.
Statement II: Countercyclical discretionary fiscal policy calls for deficits during recessions and surpluses during inflationary booms.
A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.
Correct Answer:
Verified
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