Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2. Fiscal policy that is built into the law and requires no specific action by Congress is called a. Procyclical, non-discretionary fiscal policy b. Automatic

2. Fiscal policy that is built into the law and requires no specific action by Congress is called a. Procyclical, non-discretionary fiscal policy b. Automatic stabilizers, also known as non-discretionary policy c. Procyclical, discretionary policy d. Automatic stabilizers, also known as discretionary policy

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Green Jobs For Sustainable Development

Authors: Ana Maria Boromisa, Sanja Tišma

1st Edition

131775185X, 9781317751854

More Books

Students also viewed these Economics questions