Describe the Difference Between Discretionary and Automatic Fiscal Policy

question 51

Essay

Describe the difference between discretionary and automatic fiscal policy.

---

Definitions:

Children's Television Act

A law enacted by Congress in 1990 requiring U.S. broadcast television stations to offer programming specifically designed to serve the educational and informational needs of children.

Economic Constraint

Limitations or restrictions on choices and activities due to economic factors such as income, resources, or market conditions.

Advertisement Sales

The process of selling promotional space or time in various media formats to advertisers looking to promote their products or services.

Uncertainties

Situations or conditions where the outcomes are unpredictable or unknown, often requiring risk assessment and management.