The Distinction Between Discretionary Fiscal Policy and the Use of Automatic

question 62

Multiple Choice

The distinction between discretionary fiscal policy and the use of automatic stabilizers is that

• A) only discretionary fiscal policy can stimulate the economy.
• B) only automatic stabilizers can stimulate the economy.
• C) discretionary fiscal policy, once adopted, is built into the structure of the economy.
• D) automatic stabilizers, once adopted, are built into the structure of the economy.

Recognize the significance of Islamic scholars in preserving and contributing to global knowledge.

Understand the role of decorative elements in Islamic art and architecture.

Acknowledge the diverse sources of inspiration for Islamic art and architecture.

Familiar with the geographical distribution of significant Islamic historical sites.

---

Definitions:

Budgeted Cash Disbursements

An estimate of all cash payments that a business plans to make over a specific period, including expenses, purchases, and other payouts.

Selling and Administrative Expense Budget

A detailed plan that estimates the expected selling and administrative expenses for a company over a specific period, helping in the management and planning of overhead costs.

Variable Expense

A cost that varies with the level of output or sales, such as raw materials or sales commissions.

Fixed Selling and Administrative Expense

Costs that do not change with the level of production or sales, such as salaries of executive personnel and advertising expenses.