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Nilanjan Bhowmick AIR 3, CSIR NET (Earth Science)
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Pinent f under developed countries types of fiscal policy fiscal policy discretionary policy non-discretionary policy 1. discretionary policy discretionary poli
pinent f under developed countries Types of Fiscal Policy Fiscal Policy Discretionary Policy Non-Discretionary Policy 1. Discretionary Policy Discretionary policy mean deliberate change in the government expenditure and taxes to influence the levet o td output and prices. Fiscal policy generally aims at managing aggregate demand for goods and serviCEs. It may generally take three forms () Changing Taxes with Government Expenditure Constant: When taxes are reduced, while keeping government expenditure unchanged, they increase the disposable income of houscholds and businesses, further increasing private spending. But the amount of increase will depend on of whom the taxes are cut, to what extent, and on whether the taxpayers regard the cut temporary or permanent. (ii) Changing Government Expenditure with Taxes Constant: T'he second method is more useful in conteslt deflationary tendencies. When the government increases its expenditure on goOds and services. keeping taxes constat stant, aggregate demand goes up by the full anmount of the increase in government spending Contact Us: Website: www odun
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Rucha rajesh shingvekar
Discretionary fiscal policy is a policy action aimed at stabilizing the business cycle. ... Nondiscretionary fiscal policy is automatic which include the automatic stabilizers of increasing net taxes in an expansion and decreasing net taxes during a recession.
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yh dubara btana smjh nhi aai
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Discretionary fiscal policy means the government make changes to tax rates
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Nondiscretionary fiscal policy consists of policies that are built into the system so that an expansionary or contractionary stimulus can be given automatically. Unemployment insurance, the progressive income tax, and welfare serve as the built-in policies.
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Rucha rajesh shingvekar
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Fiscal Policy is changing the governments budget to influence aggregate demand. i.e. changing taxes and spending. Discretionary fiscal policy means the government make changes to tax rates and or levels of government spending. ... Expansionary fiscal policy is cutting taxes and/or increasing government spending.
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Fiscal policy is the means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy. It is the sister strategy to monetary policy through which a central bank influences a nation's money supply.
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Priya gulani
Discretionary fiscal policy is a policy action aimed at stabilizing the business cycle. Examples include changes in government spending and changes in taxes levied. Nondiscretionary fiscal policy is automatic which include the automatic stabilizers of increasing net taxes in an expansion and decreasing net taxes during a recession.