Explain the difference between Discretionary Fiscal Policy and Automatic Fiscal policy (built-in stabilizers).

Explain the difference between Discretionary Fiscal Policy and Automatic Fiscal policy (built-in stabilizers). Provide an example of each

Explain the difference between Discretionary Fiscal Policy and Automatic Fiscalpolicy (built-in stabilizers). Provide an example of eachA discretionary policy needs to be auctioned by changing…