The political process by which fiscal policy is made
A) is relatively rapid, contributing to the effectiveness of fiscal policy.
B) requires only that the president approve changes to the budget, a decision that takes several months.
C) is efficient in reaching a decision within a year.
D) is slow and results in a long time lag for fiscal policy.
Correct Answer:
Verified
Q30: An example of an automatic stabilizer is
A)consumer
Q31: A decrease in the marginal tax rate,with
Q32: A decrease in the average tax rate,with
Q33: Classical economists think that lump-sum tax changes
A)should
Q34: The following data describe government spending and
Q36: Government capital consists of
A)money owned by the
Q37: Since 1960,the only period of several years
Q38: Because of automatic stabilizers,in recessions the government
Q39: You are given the following budget data
Q40: The marginal tax rate is
A)the fraction of
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