- 5 Marks
AT – Nov 2024 – L3 – Q3c – Automatic Stabilizers vs Discretionary Fiscal Policies
Explain the difference between automatic stabilizers and discretionary fiscal policies with examples.
Question
Some commentators in Ghana have argued that economic policymakers should allow automatic stabilizers to shape and direct the destiny of the economy rather than discretionary fiscal policies since the latter has failed woefully.
Required:
Distinguish between automatic stabilizers and discretionary fiscal policies as economic tools. Illustrate with examples.
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