The Critical Elements of Nondiscretionary Fiscal Policy Are

question 49

Multiple Choice

The critical elements of nondiscretionary fiscal policy are

• A)Tax policy and spending policy
• B)A progressive income tax and a welfare state
• C)Interest rates and the money supply
• D)Interest rates and tax rates

---

Definitions:

Congress

The legislative branch of the United States federal government, composed of the House of Representatives and the Senate, responsible for making national laws.

Supremacy Clause

Article VI, Paragraph 2, of the U.S. Constitution, which states that the Constitution and all laws and treaties of the United States constitute the supreme law of the land. Thus, any state or local law that directly conflicts with the U.S. Constitution or federal laws or treaties is void.

Article VI

Refers to the Supremacy Clause within the United States Constitution, which establishes that the Constitution and federal laws are the supreme law of the land.

Enact Legislation

The process by which governmental bodies formally adopt new laws or amend existing ones.