--%>
Assignment Help - homework help

Ecomomics

Which one of the following statements about discretionary fiscal policy is correct? A. Discretionary fiscal policy refers to changes in taxes and government expenditures made by Congress to stabilize the economy. B. Discretionary fiscal policy refers to any change in government spending or taxes that destabilizes the economy. C. Discretionary fiscal policy refers to the authority that the President has to change personal income tax rates. D. Discretionary fiscal policy refers to the changes in taxes and transfers that occur as GDP changes.

   Related Questions in Microeconomics

  • Q : Problem on Jurisdictional Strikes The

    The Taft-Hartley Act prohibited strikes against the firm over the issue of which of two or more competing unions would symbolize the firm’s employees. These strikes are termed as: (i) Jurisdictional strikes. (ii) Strategic representation strikes

    		•
  • Q : Consumption of goods changes as income

    This below figure demonstrates how consumption of goods A, B, C and D changes as a family’s income changes. When income increases, the income elasticity of demand is positive although declining for: (w) good A. (x) good B 

    		•
  • Q : Determine inferior good by income

    As in below figure demonstrates how consumption of goods A, B, C, and D varies like a family’s income changes. Of such goods, the only inferior good: (w) good A. (x) good B  (y) good C. (z) good D.

  • Q : Problem on Agency Shop The union

    The union strategy which prevents the non-union employees of the firm from being free riders is to negotiate a contract which needs the firm to be a/an: (i) Agency shop. (ii) Open shop. (iii) Collective bargaining shop. (iv) Closed shop. (v) Union shop.

  • Q : Problem on demand of rising exports

    Meager Russian grain harvests during the year 2001 led to increasing exports of U.S. grain to Russia, that symbolized a raise in the: (1) Demand for Russian grain. (2) Supply of U.S. grain. (3) Supply of Russian grain. (4) Demand for the U.S. grain.

    Q : Rises price elasticity of demand for a

    The price elasticity of demand for a good will tend to rise as the: (i) number of obtainable substitutes increases. (ii) consumer income level increases. (iii) good is a less significant budget item. (iv) time permitted for response decreases. (v) ela

    		•
  • Q : Define equilibrium price Equilibrium

    Equilibrium price: The Equilibrium price refers to a price at which the market demand and market supply are equivalent.

    		•
  • Q : Meaning of price taker To be a price

    To be a price taker implies: (w) the larger firm in the industry will set the price for all other firms. (x) the entire market (industry) sets the price for all firms to take. (y) each firm takes the price as specified by the government. (z) firms tak

    		•
  • Q : Contribution standard of income

    The contribution standard of income distribution: (w) sets the least efficient incentives for production. (x) is the distribution standard most compatible along with pure capitalism. (y) minimizes individual economic freedom. (z) is very complimented

    		•
  • Q : Wealth and poverty of poor and higher

    Numerous studies have established which, associate to poor families, higher income families onto average have: (w) more children. (x) greater rates of labor force participation. (y) less human capital and more financial capital. (z) greater rates of p

    		•