Briefly explain WHY discretionary fiscal policy is slow to happen and the steps necessary to put...

Briefly explain WHY discretionary fiscal policy is slow to happen and the steps necessary to put such discretionary fiscal policy into effect.

Expert Solution

Rahul Sunny answered 2 years ago

What is the discretionary fiscal policy? Economists debate whether discretionary fiscal policy is an effective way...

What is the discretionary fiscal policy? Economists debate whether discretionary fiscal policy is an effective way to control and stimulate the economy. Present 2 arguments in favor of the view that fiscal policy is effective and 2 arguments that fiscal policy is ineffective or destructive to the economy. Be specific.

Explain the difference between discretionary versus nondiscretionary fiscal policy.

What is discretionary fiscal policy? ______________________________ is a fiscal policy action that involves lowering taxes or...

What is discretionary fiscal policy? ______________________________ is a fiscal policy action that involves lowering taxes or raising government payments, which would shift the aggregate demand curve to the right. _________________________________ is a fiscal policy action that involves raising taxes or decreasing government payments (spending), which would shift the aggregate demand curve to the left. What is the Federal Reserve System? How many Federal Reserve districts are? How many Federal Reserve districts are located in Missouri and where are they located? ...

Differentiate between discretionary fiscal policy and nondiscretionary or built-in stabilization policy.

Differentiate between fiscal and monetary policy. Demonstrate the mechanics of discretionary fiscal policy within the Keynesian...

Differentiate between fiscal and monetary policy. Demonstrate the mechanics of discretionary fiscal policy within the Keynesian framework.

Answer the following questions: A- What is discretionary and non-discretionary fiscal policy? B- What are the...

Answer the following questions: A- What is discretionary and non-discretionary fiscal policy? B- What are the available tools of fiscal policy? C- What is monetary policy and who conducts it? D- What are the available tools of monetary policy? Using these introductory questions, present a detailed essay-type analysis, with all the information from a reliable source, of what consists of at least three fiscal policy incentives and one monetary policy incentive as a consequence of the COVID-19. In total, at...

What is the difference between automatic stabilizers and discretionary fiscal policy?

Explain the impact of the time lags associated with discretionary fiscal policy. Which do you think...

Explain the impact of the time lags associated with discretionary fiscal policy. Which do you think is the most important? Do you think fiscal policy may be easier to operate during an inflation or a recession? Explain.

Present a thorough analysis of fiscal policy. Detail the effects of discretionary fiscal policies, the various...

Present a thorough analysis of fiscal policy. Detail the effects of discretionary fiscal policies, the various policy levers, the impact of crowding out, time lags, and automatic stabilizer. Please cite sources!

Explain the steps in the policy transmission mechanism (separately) for monetary and fiscal policy, making sure...

Explain the steps in the policy transmission mechanism (separately) for monetary and fiscal policy, making sure to reference the important role of both the interest elasticity of money demand and the interest elasticity of investment demand in the transmission mechanism.

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