--%>

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 : Powerful negative externalities in

    Potentially powerful negative externalities are mainly overwhelmingly a decisive argument against permitting laissez faire policies and supplies to govern the production and market demands and distribution of: (1) avian flu antivirus shots. (2) public

  • Q : Monopsonist-Wage discriminate Compared

    Compared with the price taker in labor market, the monopsonist which can’t wage discriminate will: (i) Hire more labor at any specified wage. (ii) Hire less labor at any wage. (iii) Pay a higher wage for any specified quantity of labor. (iv) Hire more prolific l

  • Q : Direction of the income effect The

    The direction of the income effect can’t be: (i) Negative for inferior goods. (ii) Positive for the luxury goods. (iii) Zero for a good which some people consider a requirement. (iv) Expected when we know only the size and direction of substitution effect.

  • Q : Implicit costs incurred by the firm I

    I have a problem in economics on implicit costs incurred by the firm. Please help me in the following question. Each and every implicit cost incurred by the firm are: (1) Opportunity costs for the owner-supplied resources. (2) Explicit costs of each a

  • Q : Rational Investments and Sunk Costs

    Decisions are most obviously less than perfectly rational while: (1) you take a shortcut through a dark alley at 3:00 am to get home faster. (2) a brilliant student majors into art history in place of economics. (3) prisoners on death row in Texas know that tobacco ca

  • Q : Goods of negative income elasticity of

    When the income elasticity of market demand is negative, in that case most consumers view the good as: (w) a luxury good. (x) having several imperfect substitutes. (y) an inferior good. (z) a normal good. Hey frien

  • Q : Structure conduct performance paradigm

    From about 1890 till 1970 year, the “structure-conduct-performance paradigm” dominated theories regarding how firms behave in various types of markets. The term here “performance” in this context refers to those things as: (i)

  • Q : Moral Hazard-Unemployment compensation

    Jared does not care regarding his job as he is eligible for the unemployment compensation; therefore he frequently goofs off at work and exhibits up late. This is the trouble of: (i) Adverse selection. (ii) Efficiency salaries. (iii) Moral hazard. (iv) Symmetric infor

  • Q : Critics of negative income tax Critics

    Critics of negative income tax (NIT) proposals most generally argue that: (a) economic rents should be taxed at a rate of 100%. (b) in-kind services should be above and beyond generous income assistance. (c) no NIT plan would be flexible enough to sol

  • Q : Competitive Prices for selling This

    This purely-competitive producer’s generic bricks presently sell for: (i) $60 per thousand. (ii) $70 per thousand. (iii) $80 per thousand. (iv) $90 per thousand. (v) $100 per thousand.

    Discover Q & A

    Leading Solution Library
    Avail More Than 1414063 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads
    No hassle, Instant Access
    Start Discovering

    18,76,764

    1948406
    Asked

    3,689

    Active Tutors

    1414063

    Questions
    Answered

    Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

    Submit Assignment

    ©TutorsGlobe All rights reserved 2022-2023.