The law-making time lag is best described as the time that it takes
A) the President to sign a bill sent from Congress.
B) Congress to pass laws needed to change taxes or spending.
C) Congress to realize that new laws must be passed to change taxes or spending.
D) a jury to render a verdict.
E) a newly passed law to become the norm in daily lives.
Correct Answer:
Verified
Q62: The magnitude of the tax multiplier is--------------------
Q63: Q64: Needs-tested spending Q65: Q66: When tax revenues-------------------- Q68: The federal budget is decided upon by Q69: How could an expansionary fiscal policy increase Q70: An income tax on labor income decreases Q71: Needs-tested spending Q72: 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
A)is directing government spending and taxes
A)minus; surplus
B)plus; surplus
C)divided by; surplus
D)minus;
A)increases as real GDP increases.
B)makes recessions
