Changes in government spending and/or taxes as the result of legislation, is called
What will be an ideal response?
discretionary fiscal policy.
You might also like to view...
The two most important factors contributing to increased productivity in industrialized countries in the twentieth century were:
A. higher relative prices and technological progress. B. higher relative prices and a larger labor supply. C. technological progress and increases in the labor supply. D. technological progress and increases in the capital stock.
Long-term debt has a maturity that is
A) between one and ten years. B) less than a year. C) between five and ten years. D) ten years or longer.
Realization of gains from trade, entrepreneurial discovery, and investment are largely dependent on
a. competitive elections and political democracy. b. the presence of institutions and policies consistent with economic freedom. c. the use of tariffs and quotas to protect domestic businesses from competition with foreigners. d. the use of government planning to direct investments into worthwhile projects.
A firm that has positive economic profits has accounting profits that are
A) zero. B) positive. C) negative. D) indeterminate without more information.