Discretionary fiscal policy is so named because it

A) is undertaken at the order of the nation's central bank.
B) involves specific changes in taxes and government spending undertaken by Congress and the president.
C) occurs automatically as the nation's level of GDP changes.
D) involves secret advice given by the Council of Economic Advisers to the president.


B

Economics

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The above figure shows the marginal social benefit and marginal social cost curves of doughnuts in the nation of Kaffenia. What is the efficient quantity of doughnuts to produce each day?

A) 100 dozen B) 200 dozen C) 300 dozen D) 500 dozen

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Explain why the Social Security system faces problems. Discuss the possible solutions to these problems

What will be an ideal response?

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________ can counteract a currency depreciation

A) Autonomous monetary policy tightening B) Purchase of international reserves C) Autonomous monetary policy easing D) Capital controls

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Economists disagree about many things. When those disagreements are about which model best explains the economy, these disagreements are primarily over "positive" statements

a. True b. False

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