Deliberate Changes in Government Expenditures and Taxes to Influence GDP

question 133

Multiple Choice

Deliberate changes in government expenditures and taxes to influence GDP

• A) are examples of automatic fiscal policy because the politicians automatically respond.
• B) are forms of discretionary fiscal policy.
• C) are enacted by the Council of Economic Advisers.
• D) operate without time lags.

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Definitions:

Bipolar I Disorder

A mental health disorder characterized by extreme mood swings that include emotional highs (mania) and lows (depression).

Manic Phase

A period of abnormally elevated mood, energy, and activity, often found in bipolar disorder.

Hypomania

A mental state characterized by elevated mood, increased activity or energy levels, and often reduced need for sleep, without the full-blown symptoms of mania.

Ion Activity

The effective concentration of an ion in solution, influenced by interactions with other ions, which affects its ability to participate in chemical reactions and processes.