Multiple Choice
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.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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