- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 12. Monetary and Fiscal Policy
- Subject 8. Active and Discretionary Fiscal Policy
CFA Practice Question
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
Correct Answer: C
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