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Basic Question 7 of 11
In the U.S., policy action that is initiated by an act of Congress is ______.
B. entitlement spending
C. discretionary fiscal policy
A. automatic fiscal policy
B. entitlement spending
C. discretionary fiscal policy
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I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
Learning Outcome Statements
explain the implementation of fiscal policy and difficulties of implementation as well as whether a fiscal policy is expansionary or contractionary
CFA® 2025 Level I Curriculum, Volume 1, Module 3.