Which of the following statement is FALSE?
A) The use of fiscal policy can be complicated by the simultaneous emergence of high rates of inflation and unemployment.
B) In making spending decisions, Congresspersons may be more interested in re-election than the needs of the national economy.
C) The Employment Act of 1946 makes full production, full employment, and price stability the sole goals of Congressional tax and expenditure policies.
D) There can be a long time lag between when an economic problem begins and when the fiscal policy response to that problem begins to take effect.
Correct Answer:
Verified
Q108: A deficit in the federal budget when
Q109: You would expect a balanced federal budget
Q110: You would expect the level of economic
Q111: Automatic stabilizers:
A) keep the federal budget from
Q112: Efforts to reduce the federal deficit:
A) could
Q114: A major problem with using fiscal policy
Q115: The federal government may not pursue a
Q116: Implementing proper fiscal policy is difficult when
Q117: The effect of a tax increase when
Q118: Which of the following statements is true?
A)
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