"Discretionary Fiscal Policy Is a Fiscal Action Initiated by an Act

question 158

Essay

"Discretionary fiscal policy is a fiscal action initiated by an act of the Federal Reserve,while automatic fiscal policy is a fiscal action induced by the state of the economy." Is the previous statement correct or incorrect? Explain your answer.

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Definitions:

Metaphorically

Used to describe something by comparing it to another thing in a figurative, non-literal way.

Music Critic

A professional who evaluates and writes about music performances, recordings, and compositions for publications or media outlets.

Symbolic Interactionism

A sociological perspective that analyzes society by addressing subjective meanings that people impose on objects, events, and behaviors.

Blood

A vital fluid in bodies of most organisms, delivering necessary substances such as nutrients and oxygen to cells and transporting metabolic waste products away from those same cells.