Discretionary Fiscal Policy Entails

question 169

Multiple Choice

Discretionary fiscal policy entails

• A)automatic changes in spending or taxes that occur as economic conditions change.
• B)changing government spending or tax policy to offset automatic stabilizers.
• C)legislative changes in spending or tax policies.
• D)actions exercised by the President alone in the United States.
• E)wide swings in income and employment when the government expenditure multiplier is small.

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Definitions:

Right and Wrong

Fundamental concepts relating to ethics and morality, guiding behavior as acceptable or unacceptable.

Oedipal Complex

According to Sigmund Freud, a condition that occurs during the phallic stage, when boys are presumed to develop sexual desires for their mother and see their father as a competitor for their mother’s love. The term is a reference to the character of Oedipus in the play by the Greek tragedian Sophocles.

First Year of Life

A critical period in human development marked by rapid physical and cognitive growth, along with significant emotional and psychological changes.