A difficulty with effective fiscal policy is the:
A. reality of time lags.
B. guess as to what potential GDP is.
C. lack of relevant information needed to decide the magnitude of change.
D. All of these are true.
D. All of these are true.
Economics
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The income elasticity of demand for agricultural products is typically
a. less than zero. b. greater than zero, but less than one. c. greater than one. d. infinity.
Economics
Which of the following is the largest category of federal government expenditures?
A) defense spending B) transfer payments C) interest on the debt D) grants to state and local governments
Economics