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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 are some practical weaknesses of discretionary fiscal policy?

To determine

To state: The practical weaknesses faced by the discretionary fiscal policy.

Explanation

The discretionary fiscal policy is that which is made by the decisions of the policy makers i.e. it changes the spending and tax rates every time when there is any change in the law by the government. There are some practical weaknesses in the discretionary fiscal policy which are as follows:

  • Borrowings in the policy: The policy makers or the government needs to make borrowings in order to apply the discretionary policy which comes with the interest rate...

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