Discretionary fiscal policy refers to: Select one: a. Any change in government spending or taxes that destabilizes the economy. b. The authority that the President has to change personal income tax rates c. Changes in taxes and government expenditures made by Congress to stabilize the economy d. The changes in taxes and transfers that occur as GDP changes
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Changes in taxes and government expenditures made by Congress to stabilize the economy. Quizlet can help.
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Why would somebody support a progressive tax structure? Select one: a. They believe that all people should be charged the same absolute amount of money. b. They believe that all people should pay the same percentage of their income as taxes. c. They believe that people who make less money should have a greater burden of taxes that they must pay. d. They believe that people should be taxed more money as their income goes up.
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Discretionary fiscal policy- deliberate changes by the government to restructure the budget. i.e a change in income taxation brackets.
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