Distinguish between discretionary and nondiscretionary fiscal policy. What is the difference? What about the difference between active and passive fiscal policy? How are they related to built-in stability?
Distinguish between discretionary and nondiscretionary fiscal policy. What is the difference? What about the difference between active and passive fiscal policy? How are they related to built-in stability?
Chapter11: Fiscal Policy And The Federal Budget
Section: Chapter Questions
Problem 9QP
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Distinguish between discretionary and nondiscretionary fiscal policy. What is the difference? What about the difference between active and passive fiscal policy? How are they related to built-in stability?
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