Briefly explain whether each of the following is (1) a discretionary fiscal policy, (2) an automatic stabilizer,

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Briefly explain whether each of the following is (1) a discretionary fiscal policy, (2) an automatic stabilizer, or (3) not a fiscal policy.
a. Government spending on rebuilding highways
b. Sales and purchases of government securities on the open market
c. Unemployment insurance
d. Proportional income taxes
e. Changes in the federal funds rate
f. A 5% increase in all income tax rates.
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Macroeconomics

ISBN: 9780132109994

1st Edition

Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty

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