Discretionary fiscal policy tools

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1. How do automatic stabilizers differ from discretionary fiscal policy tools?

2. In what ways can fiscal policy affect aggregate supply?

3. Distinguish between crowding out and crowding in.

4. What problems are associated with the U.S. federal budget process? What solutions have been offered to these problems?

5. It is often said that we are passing our national debt on to our children and grandchildren. Is this true? Explain 

Reference no: EM1319745

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