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Many government programs, such as unemployment compensation, operate on a deficit during recessions and a surplus during periods of economic expansion. The programs are referred to asQuestion 5 options:A) discretionary fiscal policy.B) automatic stabilizers.C) Recognition time lag.D) Ricardian equivalence.Fiscal policy includes all of the following EXCEPTQuestion 6 options:A) changing taxes.B) changing government spending.C) policies that influence the rate of growth of the quantity of money in circulation.D) policies that influence aggregate demand.In the short run, if the government attempts to increase aggregate demand, it shouldQuestion 7 options:A) shift the long-run aggregate supply curve to the right.B) shift the short-run aggregate supply curve to the right.C) decrease government spending and increase taxes.D) increase government spending and reduce taxes.The idea that a tax reduction funded by government borrowing has no effect on aggregate demand is known asQuestion 15 options:A) the Ricardian equivalence theorem.B) the expenditure-offset theorem.C) the balanced budget multiplier.D) the Keynesian Cross.What is discretionary fiscal policy and what is its purpose? it is not multiple choice

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