Discretionary fiscal policy in the United States
A) is undertaken at the order of the Federal Reserve.
B) occurs automatically as the nation's level of GDP changes.
C) involves specific changes in taxes and government spending undertaken by Congress and the president.
D) involves secret advice given by the Council of Economic Advisers to the president.
Correct Answer:
Verified
Q36: Q37: To close an inflationary gap through fiscal Q38: Suppose the government decreases lump-sum taxes. This Q39: If the economy is experiencing a recessionary
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