There are four limitations to the effectiveness of discretionary fiscal policy. Which item below is NOT one of these limitations?
A) fiscal multiplier
B) estimating potential GDP
C) shrinking area of law-maker discretion
D) economic forecasting
E) law-making time lag
Correct Answer:
Verified
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A)equals the actual surplus plus
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A)caused by
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A)spending on
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Q89: Automatic changes in tax revenues and expenditures
Q90: An example of a discretionary fiscal stimulus
Q91: When government outlays exceed tax revenues, the
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