Which of the following is a major deficiency of fiscal policy as a stabilization tool?
a. Congress is reluctant to make changes in either taxes or expenditures.
b. The Constitution requires the president to submit and Congress to pass a balanced budget.
c. Both political and economic factors make it unlikely that changes in fiscal policy will be timed correctly.
d. A change in fiscal policy exerts major effects on the economy quickly.
C
Economics
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In 1997–1998, which one of the following countries experienced a sharp depreciation of its currency?
a. Argentina b. Brazil c. Thailand d. Italy
Economics
For a monopolist, at the profit-maximizing level of output:
A. marginal revenue is greater than average revenue. B. price is greater than marginal revenue. C. price is equal to marginal revenue. D. average revenue is greater than price.
Economics