Explain the Differences Between Discretionary Fiscal Policy and Automatic Stabilizers,and

question 32

Essay

Explain the differences between discretionary fiscal policy and automatic stabilizers,and give one example of each.

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Definitions:

Self-Reinforcement

The process of rewarding oneself to reinforce desired behavior or achievements.

Behavior Modification

Behavior modification is a treatment approach, based on the principles of operant conditioning, that replaces undesirable behaviors with more desirable ones through positive or negative reinforcement.

Social Learning Theory

A theory that posits individuals learn behaviors, norms, and values by observing and imitating the actions of others, especially if those actions are rewarded.

Self-Reinforcement

The process through which individuals reinforce their own behavior with self-administered rewards or punishments.