Define discretionary fiscal policy
Understand the Problem
The question is asking for a definition of discretionary fiscal policy, which refers to the government policy regarding taxation and spending that is implemented deliberately rather than automatically through existing laws.
Answer
Discretionary fiscal policy is deliberate changes in government spending or tax rates to influence the economy.
Discretionary fiscal policy is when a government deliberately changes its levels of spending or adjusts tax rates to influence a nation's economy.
Answer for screen readers
Discretionary fiscal policy is when a government deliberately changes its levels of spending or adjusts tax rates to influence a nation's economy.
More Information
Discretionary fiscal policy can be used to manage economic fluctuations, often in response to economic downturns or to promote economic growth.
Sources
- Discretionary Fiscal Policy - Economics Online - economicsonline.co.uk
- Discretionary Fiscal Policy | Definition & Examples - Lesson - study.com
- Discretionary fiscal policy | Topics | Economics - Tutor2u - tutor2u.net
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