The United States Federal Government passed the American Recovery and Reinvestment Act in 2009. This stimulus package included large spending programs and temporary tax cuts. This is an example of a social program O an entitlement program O discretionary policy automatic stabilizers

Q: 1. Which of the following is an example of govemment discretionary spending:  A) Social Security…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: What is fiscal policy? And what are the different views on it from political platforms?

A: In economics, the term fiscal policy refers to the method by which a nation’s government adjust…

Q: Categorize the scenarios as either a discretionary act or the result of automatic stabilizers. a. A…

A: A discretionary expenditure is a cost that a firm or family may live without if it is absolutely…

Q: During a recession, progressive income tax rates act as an automatic stabilizer by O decreasing the…

A: Automatic stabilisers are continuing government initiatives that modify taxation and spending in an…

Q: One common argument against discretionary fiscal policy is: “Since the economy returns to equi-…

A: Discretionary fiscal policy refers to the use of government spending and taxation decisions with the…

Q: Give a brief definition of fiscal policy?  What are its economic goals?    Fiscal policy is the use…

A: Answer: Definition of fiscal policy: Fiscal policy is a policy of government wherein the government…

Q: Some economists claim World War II ended the Great Depression of the 1930s. The war effort was…

A: The Great Depression was considered to be a severe worldwide economic depression that occurred…

Q: Which of the following is an example of an automatic stabilizer? Congress legislates lower tax rates…

A: Automatic stabilizer are such policy tools that automatically adjust as per the need and situation…

Q: Explain how built-in (or automatic) stabilizers work. What are the differences between proportional,…

A: Automatic stabilizers: The automatic stabilizers are the economic policies and programme of fiscal…

Q: Under what conditions is expansionary fiscal policy the most effective at increasing output? Why?

A: Expansionary fiscal policy is the policy which is to be used to push back the equilibrium normal…

Q: 1. Recommend fiscal policy that is most likely to be invoked during a period of recession or high…

A: Fiscal policy is a tool in the hands of government officials to influence the growth of…

Q: Discuss the government’s use of discretionary fiscal policy in controlling economic fluctuations.

A: Fiscal policy refers to the government policy of expenditure and taxes. The changes in the tax and…

Q: Refer to the Front Page and the figure to answer two questions. FRONT PAGE Fiscal Policy in the…

A: Fiscal restraint refers to a deliberate policy or action taken by a government to reduce government…

Q: Question 4 The Employment Insurance (EI) program is an example of an automatic stabilizer. Use this…

A: Automatic stabilizers, such as the Employment Insurance (EI) program, help reduce fluctuations in…

Q: Recently, a politician was interviewed about fiscal policy where she mentioned reducing the "tax…

A: The tax gap is the difference between the amount of tax revenue that the government is legally…

Q: Discuss two reasons why discretionary fiscal policy (expansionary & contractionary) may be…

A: Contractionary fiscal policy:- When the government either slashes expenditure or hikes taxes, it is…

Q: What is fiscal policy? What effect does it have on the economy? What effect does the economy have on…

A: Disclaimer:“Since you have asked multiple question, we will solve the first question for you. If you…

Q: What are Expansionary and discretionary fiscal policies? Examples to dumb down.

A:

Q: An example of a expansionary fiscal policy is ___? need only one example fast

A: Accordingly the expansionary fiscal policy is merely known as a decrease in the tax revenue and the…

Q: What are the main tax credit programs designed to boost the incomes of people who are unemployed or…

A: .The Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) are two well-known tax credit…

Q: Discuss how governments can use fiscal policy to address TWO costs of unemployment.

A: Answer: The TWO costs of unemployment are given below: (1). Loss of output or goods and services:…

Q: Which are contractionary fiscal policies? Multiple Choice O O O O increased taxation and increased…

A: Fiscal policy is the policy used to change the aggregate demand.  The fiscal policy includes the…

Q: Which is a good fiscal policy when inflation is very low and unemployment is very high? Decrease the…

A: Fiscal policy is a policy used by the government to stabilize the economy. Inflation refers to the…

Q: Why is it important for a government to stimulate itseconomy through an active fiscal policy?

A: A fiscal policy is the policy which a government uses to influence the output and the employment of…

Q: What is fiscal policy? Distinguish between a discretionary fiscal policy and a non- discretionary…

A: Fiscal policy is characterized as the strategy under which the public authority utilizes the…

Q: "Even if there is full information and that wages and prices are fully flexible as what the…

A: Fiscal policy alludes to the utilization of government spending and tax arrangements to impact…

Q: which of the following individuals would most likely favor an increase in government spending, as…

A: a and d would be opposed to tax cut.