Business, 20.06.2020 00:57 dropnsocks8315

The economy is in a recession and the recessionary gap is large. Describe the discretionary and automatic fiscal policy actions that might occur. Discretionary fiscal policy that might occur is . Automatic fiscal policy that might occur is . A. a decrease in government expenditure and an increase in taxes by a decision of Congress; a decrease in transfer payments and an increase in taxes with no interference by Congress B. an increase in transfer payments and a fall in taxes with no interference by Congress; an increase in government expenditure and a cut in taxes by a decision of Congress C. an increase in government expenditure and a cut in taxes by a decision of Congress; an increase in transfer payments and a fall in taxes D. a decrease in transfer payments and an increase in taxes with no interference by Congress; a decrease in government expenditure and an increase in taxes by a decision of Congress

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The economy is in a recession and the recessionary gap is large. Describe the discretionary and auto...

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