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All of the following, except one, is a criticism of using counter-cyclical fiscal policy during a recession. Which is the exception? a. It can cause
All of the following, except one, is a criticism of using counter-cyclical fiscal policy during a recession. Which is the exception?
a. It can cause serious budget deficits.
b. It reinforces the business cycle.
c. Its effectiveness is subject to serious time lags.
d. It tends to be inflationary.
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