Which of the following is true about time lags and fiscal policy?
A) Changes in federal taxes can be implemented easily by the President without the approval of Congress.
B) Changes in fiscal policy that involves changes in government spending on public works projects do not involve significant time lags.
C) Once an appropriate fiscal policy has been determined it can be implemented quickly.
D) The lag time between when a fiscal policy is needed and when it is actually implemented is considerable.
Correct Answer:
Verified
Q89: A larger crowding-out effect:
A)increases the magnitude of
Q90: When the crowding-out effect of an increase
Q91: Which of the following helps explain how
Q92: The impact of an increase in government
Q93: The most important automatic stabilizer is:
A)open market
Q95: Which of the following statements is not
Q96: Based on the situation depicted in the
Q97: Based on the situation depicted in the
Q98: Automatic stabilizers in the United States are:
A)changes
Q99: Expansionary fiscal policy, other things being equal,
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