Asked by
Muhammad Umar Qasim
on Oct 13, 2024Verified
Nondiscretionary fiscal policy
A) multiplies declines in aggregate demand.
B) multiplies inflationary growth of aggregate demand.
C) does not require any changes in legislation.
D) includes government expenditures,taxes and monetary policy.
E) is an executive power of the United States President.
Nondiscretionary Fiscal Policy
involves government policies, like taxation and certain types of government spending, that are not easily altered and automatically adjust to economic conditions.
Aggregate Demand
The whole of economic demand for goods and services at a given price level, within a certain time range.
- Differentiate between mandatory and optional fiscal policies and their specific functions in the management of the economy.
Verified Answer
KC
Learning Objectives
- Differentiate between mandatory and optional fiscal policies and their specific functions in the management of the economy.