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5 June, 19:25

When the government passes a new law that explicitly changes overall tax or spending levels, it is enacting: a discretionary fiscal policy. b progressive fiscal policy. c regressive fiscal policy. d fiscal policy?

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  1. 5 June, 19:46
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    Discretionary fiscal policy is implemented when the government passes a new law wherein it explicitly changes the overall tax and the spending levels. This can be applied when a certain economy is in recession where the government can lower taxes and increase the spending.
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