Which of the following is a limitation of discretionary fiscal policy?
I. law-making lags
Ii. estimating potential GDP
Iii. income gap
A) ii only
B) i only
C) iii only
D) i, ii, and iii
E) i and ii
Correct Answer:
Verified
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Q45: Q46: Ignoring any supply-side effects, when taxes are Q48: Which of the following is an example Q49: The balanced budget multiplier is Q50: Discretionary fiscal policy is defined as fiscal Q51: In a recession, needs-tested spending--------------------and induced taxes-------------------- Q52: When the government's expenditures exceed its tax
A)positive because the
A)increases;
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