Discretionary Fiscal Policy Is When

question 16

Multiple Choice

Discretionary fiscal policy is when:

• A) existing taxation policy automatically fine tunes the economy
• B) the government changes the levels of expenditure or taxation
• C) politicians are discrete about policy changes, and do not advise consumers or producers of new policy
• D) policy is left to the discretion of the central bank

Identify the various specialty areas within psychology and the settings in which psychologists commonly work.

Realize the influence of both individualistic and collectivistic cultural orientations on behavior and social norms.

Understand the role and scope of biological psychology in studying the relationship between psychological processes and the body’s physical systems.

Recognize the application of the principles of evolution in explaining psychological phenomena.

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Definitions:

Performance Feedback

The process of giving individuals information about their job performance, intended to improve or maintain performance levels.

Reinforcement

In organizational behavior, the use of rewards or punishments to increase or decrease the likelihood of a specific behavior being repeated.

Managers

Individuals responsible for planning, leading, organizing, and controlling an organization or team to achieve specific goals.

Effective Use

Refers to the optimal application and utilization of resources or strategies to achieve desired outcomes efficiently.