Multiple Choice
Which of the following are limitations 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 only
B) I and II
C) I and III
D) I, II and III
Correct Answer:
Verified
Correct Answer:
Verified
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