81.8k views
3 votes
Describe appropriate discretionary fiscal policy according to keynesian economics to smooth out the business cycle.

1 Answer

4 votes
The appropriate description of the discretionary fiscal policy according to keynesian economics to smooth out the business cycle is the government should increase its spending or/and reduce taxes (run a deficit), or increase government taxes and spending by the same amount to combat a recession. The government need to do just the opposite to combat inflation during the economic expansion.
User FriendOfFuture
by
7.9k points