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Q1)

What is the distinction between automatic and discretionary fiscal policy? Choose the correct statements. a. A fiscal policy

Q2)

Government debt is the total amount that government O A. pays as interest on debt OB. has borrowed O c. has lent OD. pays as

Q3)

Tavie II.JI The following table shows the relationship between aggregate planned expenditure and real GDP in the hypothetical

Q4)

Canadians Wealth Rises Canadian net saving in the first quarter of 2017 was $22 billion. Holdings of financial assets increa

Q5)

Fiscal policy is O A. budgeting policy by aggregate households. O B. any attempt by the federal government or Bank of Canada

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Answer #1

Hi,

As per HOMEWORKLIB RULES, we are required to answer only first individual question. Please re-post rest of the questions individually, some other expert will provide the answers. We are bound by the rules. Sorry.

Answer 1: Automatic stabilizers are a type of fiscal policy designed to offset fluctuations in a nation's economic activity through their normal operation without additional, timely authorization by the government or policymakers whereas the discretionary fiscal policy is used by the government to expand output and employment.

Therefore, statement B and D is correct.

Option A is wrong because the use of fiscal policy is not necessary to be passed as an act by the parliament.

Option C is wrong because it is the example of discretionary fiscal policy.

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