Multiple Choice
The use of fiscal policy is limited because
A) there is never a long enough time lag.
B) the economy is almost always at full employment.
C) the President may have different goals than Congress.
D) time lags associated with fiscal policy may cause the policy to take effect too late to solve the problem it was supposed to address.
Correct Answer:

Verified
Correct Answer:
Verified
Q14: Generational accounting does NOT investigate issues involving<br>A)
Q15: An increase in government expenditure shifts the
Q16: The aggregate demand curve is shifted rightward
Q17: What is the effect on aggregate demand
Q18: The U.S. federal budget over the past
Q20: All of the following are part of
Q21: A fiscal action that is initiated by
Q22: The sum of past budget deficits minus
Q23: All developed countries have about the same
Q24: What does the Employment Act of 1946