Discretionary Fiscal Policy Is a Fiscal Policy Action,such as

question 211

Multiple Choice

Discretionary fiscal policy is a fiscal policy action,such as

• A)an interest rate cut,initiated by an act of Congress.
• B)an increase in payments to the unemployed,initiated by the state of the economy.
• C)a tax cut,initiated by an act of Congress.
• D)a decrease in tax receipts,initiated by the state of the economy.
• E)an increase in the quantity of money.

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Definitions:

Section 402A

A section of the Restatement (Second) of Torts relating to the liability of sellers for harm caused by defective products.

Design Defects

Flaws in the intended design of a product that pose a risk to consumers or fail to perform safely as intended, leading to potential legal liability.

Strict Liability

A legal doctrine that holds a party responsible for their actions or products without the plaintiff having to prove negligence or fault.

Majority Rule

A decision-making process where the opinion or decision supported by more than half of the members in a group prevails.