Fiscal Policy Formation Is Typically a Quick Process

Fiscal policy formation is typically a quick process.
A limitation on fiscal policy is time.In the real world,it takes time to recognize that the economy is in trouble.Then it will take time to develop a policy strategy and to get Congress to pass it.Once Congress authorizes fiscal policy initiatives,it still takes time to implement the policy.Once fiscal stimulus actually hits the economy,we have to wait for the many steps in the multiplier process to unfold.