Which of the following statements about time lags and fiscal policy is the most accurate?
A) Changes in fiscal policy that involves changes in government spending on public works projects do not involve significant time lags.
B) Changes in federal taxes can be implemented easily by the prime minister without the approval of Parliament.
C) The lag time between when a fiscal policy is needed and when it is actually implemented is considerable.
D) Once an appropriate fiscal policy has been determined, it can be implemented quickly.
Correct Answer:
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