Multiple Choice
Which of the following are a limitation of fiscal policy?
I. There is a lag between recognizing that fiscal policy might be needed and when it actually takes effect.
II. Economic forecasts might be incorrect.
III. Monetary policy might counter fiscal policy.
A) I, II and III
B) I only
C) I and II
D) I and III
Correct Answer:
Verified
Correct Answer:
Verified
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