An Example of Nondiscretionary Fiscal Policy Would Be

question 43

Multiple Choice

An example of nondiscretionary fiscal policy would be

• A)the operation of the welfare state.
• B)a federal jobs program adopted to stimulate consumption.
• C)a tax cut adopted to stimulate consumption.
• D)an interest rate cut implemented to stimulate consumption.

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Definitions:

Contingent Demand

Demand for a product or service that depends on the demand for another product or service.

Custom Cabinets

Bespoke cabinetry designed and built to fit the specific measurements and requirements of a particular space.

Green Enterprises

Denotes businesses that prioritize environmental sustainability in their operations, products, or services, often with a focus on minimizing ecological impact.

Derived Demand Inventory

Inventory levels that are determined by the demand for finished goods; it reflects the need for raw materials and components based on the finished product's demand.