When government decides to use fiscal policy:
A) the information for how much to change taxes is readily available.
B) the expedited process of approval aids with quick enactment.
C) it always keeps the economy closer to potential GDP than it otherwise would be.
D) None of these is true.
Correct Answer:
Verified
Q53: When output deviates from potential GDP,automatic stabilizers
Q56: Fiscal policy can:
A) have real effects on
Q58: When the government enacts fiscal policy, it:
A)
Q62: The existing tax rates on income in
Q65: The amount of time it takes for
Q67: The process of deciding on and passing
Q72: A lack of understanding regarding the current
Q75: One of the main difficulties with implementing
Q77: Taxes and government spending that affect fiscal
Q78: Lags in the policy-making process come from:
A)
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