Using discretionary fiscal policy to smooth the short-term business cycle is challenging because:
A) the data needed are not available for almost a month after the fact.
B) it often takes up to a quarter to confirm a recessionary phase.
C) once the policy is decided, it can be implemented immediately.
D) deciding on fiscal policy often takes a long and contentious legislative process.
Correct Answer:
Verified
Q20: According to public choice economists, the federal
Q83: The implementation lag is
A) usually less than
Q143: Which of the following illustrates the information
Q146: In the 2009 stimulus package, Congress included
Q147: Automatic stabilizers include all of the following
Q150: Public choice theorists primarily examine the:
A) choices
Q152: Which of the following is NOT a
Q153: Legislators debate for six months on which
Q286: During an economic expansion, automatic stabilizers
A) help
Q291: When the economy is in a recession,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents