Explain why fiscal policy actions typically work with a lag
Fiscal policy works with a lag primarily due to the long political process that governs changes in taxes and spending. To make any change in fiscal policy, a bill must go through congressional committees, pass both the House and Senate, and be signed by the president. This process can take a significant amount of time.
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A firm has successfully adopted a positive technological change when
A) it can produce more output using the same inputs. B) it sees an increase in worker productivity. C) it produces less pollution in its production process. D) it can pay its workers less yet increase its output.
If the political system follows the median voter model, why will many people likely still be dissatisfied by the extent of government involvement? What do some people do to remedy this?
Please provide the best answer for the statement.