The economy is in a recession and the recessionary gap is large.
Describe the discretionary and automatic fiscal policy actions that might occur.
Discretionary fiscal policy that might occur is ______.
Automatic fiscal policy that might occur is ______.
A.
a decrease in transfer payments and an increase in taxes with no interference by Parliament;
a decrease in government expenditure and an increase in taxes by a decision of Parliament
B.
an increase in transfer payments and a fall in taxes with no interference by Parliament;
an increase in government expenditure and a cut in taxes by a decision of Parliament
C.
an increase in government expenditure and a cut in taxes by a decision of Parliament;
an increase in transfer payments and a fall in taxes
D.
a decrease in government expenditure and an increase in taxes by a decision of Parliament;
a decrease in transfer payments and an increase in taxes with no interference by Parliament
1
Expert's answer
2018-04-17T09:56:12-0400
C. an increase in government expenditure and a cut in taxes by a decision of Parliament; an increase in transfer payments and a fall in taxes
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