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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

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

To determine

To state: The comparison between discretionary fiscal policy and automatic stabilizers

Explanation

The difference between the discretionary fiscal policy and automatic stabilizer is their time of applying in the economy. As the discretionary fiscal policy takes time to be applied due to many fiscal actions which are to be analyzed and decided for the positive response from the policy.

On the other hand, the automatic stabilizer is applied with the immediate effect at the starting of the fluctuations so as to stabilize the situation...

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