The use of discretionary fiscal policy is hampered by i. difficulty of estimating the level of potential GDP. ii. lack of accuracy of economic forecasts. iii

the small impact tax cuts and increases in government expenditure have on aggregate demand. A) i only
B) ii only
C) iii only
D) i and ii
E) i, ii, and iii

D

Economics

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Destruction of significant infrastructure will result in a country's production possibilities frontier: a. becoming steeper. b. becoming flatter

c. shifting inward. d. shifting outward.

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