- 5 Marks
TF – May 2018 – L3 – Q1c – Tax planning
Explain automatic stabilizers and discretionary fiscal policies.
Question
The decision to change the level, composition, or timing of government expenditure or to vary the burden, the structure, or frequency of tax payment is a fiscal policy. Fiscal policies could be automatic stabilizers or discretionary.
Required:
Explain automatic stabilizers and discretionary fiscal policies.
(5 marks)
Find Related Questions by Tags, levels, etc.
- Tags: Automatic Stabilizers, Discretionary Policy, Fiscal Policy, Government Spending
- Level: Level 3
- Topic: Fiscal Policy
- Series: MAY 2018
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