Discretionary fiscal policy is when
A) existing taxation policy automatically smooths out business cycle fluctuations in the economy.
B) the government changes the level of expenditure or taxation to achieve a macroeconomic aim.
C) policy is left to the discretion of the Reserve Bank of Australia.
D) politicians are discrete about policy changes, and do not advise consumers or producers of new policies.
Correct Answer:
Verified
Q3: Government purchases and transfer payments are included
Q3: Government expenditure in Australia as a percentage
Q4: Which of the following would be considered
Q6: The increase in revenue taxation received by
Q8: Which of the following is an example
Q9: Which of the following is the largest
Q10: Fiscal policy refers to the
A) government's ability
Q10: Which of the following is a government
Q17: Active changes in tax and spending by
Q20: A deliberate policy change in taxes and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents