The political process by which fiscal policy is made
A) is relatively rapid, contributing to the effectiveness of fiscal policy.
B) requires only that the president approve changes to the budget, a decision that takes several months.
C) is efficient in reaching a decision within a year.
D) is slow and results in a long time lag for fiscal policy.
D
Economics
You might also like to view...
Refer to Figure 11.4. Which diagram illustrates the effect of an increase in government spending?
A) A B) B C) C D) D
Economics
Liberalism aims to raise the welfare of the worst-off person in society. This rule is called the
a. minimax regret criterion. b. conservative approach. c. Nozick criterion. d. maximin criterion.
Economics