What is discretionary fiscal policy? What are contractionary and expansionary fiscal policies and how they are used? Are

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What Is Discretionary Fiscal Policy What Are Contractionary And Expansionary Fiscal Policies And How They Are Used Are 1 (83.56 KiB) Viewed 9 times

What is discretionary fiscal policy? What are contractionary and expansionary fiscal policies and how they are used? Are these policies economic or political or both? Explain. Why might politicians be hesitant to use contractionary fiscal policies when the economy is experiencing inflationary pressures? Answer the questions above completely with a minimum of 200 words. Remember that economics is a science and that we are concerned with describing what, how, and why behaviors occur, therefore it should be detailed enough to clearly convey the economic concepts, using the appropriate terminology.