An Advantage of Automatic Stabilizers Over Discretionary Fiscal Policy Is

question 22

Multiple Choice

An advantage of automatic stabilizers over discretionary fiscal policy is that

• A)automatic stabilizers are not subject to all the same time lags that discretionary fiscal policy is.
• B)automatic stabilizers can be easily fine-tuned to move the economy to full employment.
• C)only Parliament is involved in implementing automatic stabilizers instead of both Parliament and the Bank of Canada.
• D)automatic stabilizers require only a simple majority of Parliament to pass whereas discretionary fiscal policy requires a two-thirds majority to pass.
• E)automatic stabilizers work in recessions and expansions but discretionary fiscal policy works only in a recession.

Understand the legal implications of breaching agency contract terms, especially concerning confidentiality and duty of loyalty.

Understand the distinction between different types of bankruptcy filings (Chapter 7, 11, 13, 15) and their respective processes.

Recognize the roles and responsibilities of a trustee in bankruptcy proceedings.

Comprehend the protection bankruptcy offers to debtors and the impact on creditors.

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Definitions:

Birth Defects

Congenital abnormalities or conditions that are present at birth, which can affect the physical or cognitive development of a child.

Diseases

Conditions that impair normal body functions and are characterized by specific symptoms and signs.

Quantity

The quantity of a substance or abstract item that does not need a measurement unit to be quantified.

Quality

An attribute or characteristic that determines the degree of excellence or superiority of something.