Discretionary fiScal Policy Is Often Initiated on the Advice of the

question 399

Multiple Choice

Discretionary fiscal policy is often initiated on the advice of the

• A) Congressional Budget Office.
• B) Council of Economic Advisers.
• C) Joint Economic Committee.
• D) Federal Reserve Board.

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Definitions:

Universal Conventions

Agreed-upon norms and standards that are accepted and practiced by a wide range of cultures and societies.

Autonomous Thinking

Independent thinking that is not influenced by others' opinions or beliefs; self-directed reasoning.

Heteronomous Thinking

A stage in cognitive development where children believe that rules are unchangeable and given by authority, typically associated with Jean Piaget's moral development stages.

Preconventional Moral Thought

The first stage in Kohlberg's theory of moral development, where behavior is influenced by the consequences of actions, including punishment and reward.