The Advantage of Automatic Stabilizers Over Discretionary Fiscal Policy Is

question 65

Multiple Choice

The advantage of automatic stabilizers over discretionary fiscal policy is that automatic stabilizers

• A) have the full consent of the legislature.
• B) have been vetted and approved by the courts.
• C) do not require overt action by policymakers.
• D) take longer to take effect than fiscal policy.

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Definitions:

Universalist Approach

A belief in or approach towards applying the same rules or norms universally, without regard to cultural differences.

Functional Approach

A method or strategy that focuses on the roles, duties, and functions that entities perform within a system or organization.

Public Organizations

Entities that operate within the public sector, funded and controlled by government bodies to serve the public interest.

Private Organizations

Entities that operate independently of government control, often focusing on providing goods or services for profit.