Multiple Choice
The political process by which fiscal policy is made
A) is relatively rapid, contributing to the effectiveness of fiscal policy.
B) requires only that the president approve changes to the budget, a decision that takes several months.
C) is efficient in reaching a decision within a year.
D) is slow and results in a long time lag for fiscal policy.
Correct Answer:
Verified
Correct Answer:
Verified
Q15: Government capital consists of<br>A)money owned by the
Q16: When did the United States suffer hyperinflation?<br>A)Revolutionary
Q17: Who bears the burden of the government
Q18: An example of tax smoothing is provided
Q19: The current deficit is<br>A)the deficit plus net
Q21: Which of the following would not act
Q22: According to the Ricardian equivalence proposition,a government
Q23: Since 1960,the only period of several years
Q24: The relationship between the government deficit and
Q25: The deficit is<br>A)the amount by which government