Question

Nondiscretionary fiscal policy is a built–in stabilizer since its activation requires that decisions be made by:______.

Answer 1

Nondiscretionary fiscal policy is a built–in stabilizer since its activation requires that decisions be made by: the Congress and the Administration.

They are the tax code and the budgeting procedure. The U.S. budget's discretionary spending is the first instrument. Each year, Congress decides this kind of expenditure through appropriations bills.

Nondiscretionary fiscal policy refers to measures incorporated into the system to enable the automated application of an expansionary or contractionary stimulus. The built-in policies include welfare, a progressive income tax, and unemployment insurance.

The federal government's tax and spending policies are referred to as fiscal policy. The Fed has little influence over fiscal policy decisions; instead, the Congress and the Administration make them.

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