Discretionary fiscal policy means the government make changes to tax rates and or levels of government spending. Most people chose this as the best definition of discretionary-fiscal-policy: A fiscal policy achieved... See the dictionary meaning, pronunciation, and sentence examples. Fiscal policy is the use of government spending and tax policy to influence the path of the economy over time. Login Fiscal Policy. For example, cutting VAT in 2009 to provide boost to spending. Expansionary fiscal policy is cutting taxes and/or increasing government spending. Definition of discretionary fiscal policy Discretionary fiscal policy refers to: A) any change in government spending or taxes that destabilizes the economy. Information and translations of discretionary fiscal policy in the most comprehensive dictionary definitions resource on the web. Definition of Discretionary Fiscal Policy: A discretionary fiscal policy is a government policy that changes government spending or taxes. 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. Discretionary fiscal policy is the term used to describe actions made by the government. Typically, the idea behind this type of policy is to deliberately impact that trend, gradually moving the economy in a direction that is esteemed by government leadership as more beneficial to the jurisdiction. Discretionary Fiscal Policy: . Lower taxes (e.g. A discretionary fiscal policy is a monetary policy that is created and initiated by a government entity as a means of dealing with events and trends that are taking place in the economy. Discretionary fiscal policy _____ is the deliberate manipulation of government purchases, transfer payments, and taxes to promote macroeconomic goals. Discretionary Fiscal Policy: government takes deliberate actions through legislation to alter spending or taxation policies The central government exercises discretionary fiscal policy when it identifies an unemployment or inflation problem, establishes a policy objective concerning that problem, and then deliberately adjusts taxes and/or spending accordingly. Meaning of discretionary fiscal policy. The following article will update you about the difference between discretionary and automatic fiscal policy. These changes occur on a year by year basis and are used to reflect the current economic status. A federal budget deficit occurs when _____ Examples include increases in spending on roads, bridges, stadiums, and other public works. Discretionary fiscal policy represents changes in government spending and taxation that need specific approval from Congress and the President. Fiscal PolicyFiscal Policy Page 1 of 4 Fiscal Policy Definitions Fiscal policy is the use of taxes, government transfers, or government purchases of goods and services to shift the aggregate demand curve. A) Choose one (1) concept from the Chapter Section Titled “Key Concepts,” and: Key Concept: discretionary spending mandatory spending discretionary fiscal policy expansionary fiscal policy contractionary fiscal policy supply-side fiscal policies Laffer curve automatic stabilizers information lag recognition lag decision lag implementation lag public choice theory deficit surplus …
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