Discretionary Fiscal Policy

question 3

Multiple Choice

Discretionary fiscal policy

• A)does not require specific action or policy changes
• B)changes with levels of GDP
• C)requires action taken in conjunction with the Federal Reserve System.
• D)requires specific action by Congress to change taxes and government spending

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Definitions:

Magma Chambers

Large pools of molten rock located beneath the Earth's surface, where magma accumulates before it is erupted as lava during a volcanic eruption.

Reef

A structure formed in shallow waters by the growth and deposit of marine organisms such as corals and calcareous algae, providing diverse habitats for marine life.

Transform Fault

A type of fault where two tectonic plates slide past each other horizontally, often causing earthquakes.

Transform Fault

A type of fault where two tectonic plates slide horizontally past each other, typically associated with seismic activity.