In order for the United States to use discretionary fiscal policy to deal with a recessionary gap,

A) the public must elect members of Congress that understand economics.
B) the President's and Congress's economic advisors must agree on the proper government programs to slash.
C) the President and Congress must agree on which taxes to hike.
D) time must pass in order for Congress to decide what taxes and government programs to change.
E) since 2002, the President has been given the authority to make up to a 10 percentage point change in government expenditure programs.


D

Economics

You might also like to view...

What is marginal damage cost?

What will be an ideal response?

Economics

Describe the Clayton Act

What will be an ideal response?

Economics

A pharmaceutical company executive has to decide whether to fund a new drug development project. For this project, a success would earn $90 million and a failure would cost $10 million in lost profits. At what probability of expected success should she fund the project?

a. 0.10 b. 0.20 c. 0.80 d. 0.90

Economics

In the long run, a year-long drought that destroys most of the summer's wheat crops causes permanently:

A. higher prices. B. lower prices. C. lower output. D. None of these is true.

Economics