The Difference Between Automatic Fiscal Policy and Discretionary Fiscal Policy

question 257

Multiple Choice

The difference between automatic fiscal policy and discretionary fiscal policy is that

• A) Congress initiates automatic fiscal policy.
• B) the President has nothing to do with discretionary fiscal policy.
• C) Congress must pass laws implementing discretionary fiscal policy.
• D) the President initiates discretionary fiscal policy.

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Definitions:

Valued Goods

Items or services that hold significant worth or importance to individuals or groups, often because of their utility, rarity, or cultural significance.

Bass's Transactional

A theory of leadership focusing on the exchanges between leaders and followers, where leaders provide rewards or punishments based on the performance of the followers.

Transformational Leadership Theory

A leadership approach that causes change in individuals and social systems, aiming to create a vision for followers and guiding changes through inspiration.

Charisma

A compelling attractiveness or charm that can inspire devotion or enthusiasm in others.