Question 2 (2 points) Which of the following is a statement that you do NOT AGREE with? Explain why. 1. The Canadian economy is in a recession and the recessionary gap is large. An automatic fiscal policy that might occur is an automatic decrease in induced transfer payments and an increase in taxes as legislated by the Canadian parliament. 2. Discretionary fiscal policy is risky because it is hampered by a recognition lag, impact lag, and law-making lag. 3. The Canadian economy is in a recession and the recessionary gap is large Discretionary fiscal policy that might occur is a decrease in taxes or an increase in government expenditure as legislated by the Canadian Parliament