Discretionary Fiscal Policy

question 19

Multiple Choice

Discretionary fiscal policy

• A)does not require changes in law.
• B)does not require the involvement of Congress or the president.
• C)is the same as a tax increase.
• D)requires action on the part of the president and Congress.
• E)needs the approval of the Federal Reserve Board.

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Definitions:

Validation

The process of confirming or verifying something as true, correct, or compliant with standards.

Surveying

The science of measuring land to determine its boundaries, area, and the physical features it encompasses.

Premature Closure

The tendency to make a decision or come to a conclusion before acquiring all relevant information.

Illogical Reasoning

A process of thought or argumentation that is not based on sound or rational principles, often containing fallacies or errors in logic.