One of the main difficulties with implementing fiscal policy is:

A. the time lag between the time the policy is chosen and the time it gets enacted.
B. deciding on a policy without all the relevant information.
C. the danger in overshooting or undershooting the goal of full employment.
D. All of these are true.

D. All of these are true.

Economics

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The long-run market supply curve in a competitive market will

a. always be horizontal. b. be the portion of the MC that lies above the minimum of AVC for the marginal firm. c. typically be more elastic than the short-run supply curve. d. be above the competitive firm's efficient scale.

Economics

The equality-efficiency trade-off refers to:

A.the conflict between risk averters and risk-takers. 
B.the willingness of Congress to abandon existing welfare programs in favor of a comprehensive plan to increase education and training for low-income persons. 
C.possible conflicts between the goals of economic efficiency and greater income equality. 
D.the difference between the goals of income equality and equality of economic opportunity.

Economics