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tresset_1 [31]
2 years ago
6

The existence of the federal income tax and the welfare system serve as the primary elements of?

Business
1 answer:
NARA [144]2 years ago
8 0

The answer is nondiscretionary fiscal policy.

Nondiscretionary fiscal policy refers to measures that are incorporated into the system to automatically provide expansionary or contractionary stimulus. Nondiscretionary fiscal policy, for example, entails government measures that stimulate the economy when it needs it and deflate it when it needs it.

Nondiscretionary fiscal policy refers to numerous continuing government spending and taxing schemes. These are largely for the purpose of sustaining revenue. They are almost never modified. They consist of social security, welfare, and unemployment benefits.

Unemployment benefits are a common example of nondiscretionary fiscal policy. Payments must rise when the number of jobless rises, which occurs during an economic slowdown. When the jobless return to work as the economy improves, the payments must fall.

Therefore, the answer is non-discretionary fiscal policy.

To know more about fiscal policy click here:

brainly.com/question/6583917

#SPJ4

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Answer:

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7 0
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gregori [183]

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hope it helps! :3

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