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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

What is the difference between discretionary fiscal policy and automatic fiscal policy?

To determine

Identify the difference between the discretionary fiscal policy and automatic fiscal policy.  

Explanation

The discretionary fiscal policy occurs when the government takes proper actions to change the expenditures or tax rates to achieve its economic objectives, whereas the govern...

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