Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

. C) Decision lag - the time it takes for Congress to pass a budget and the president to sign it. . D) Effectiveness lag

image text in transcribed

image text in transcribed
. C) Decision lag - the time it takes for Congress to pass a budget and the president to sign it. . D) Effectiveness lag - the time between the implementation of the policy and the economy's response to the policy. QUESTION 7 Another problem is that, because fiscal policy must be passed by Congress, it has become a A) political tool, designed to get Congresspersons reelected, rather than a purely economic tool. As a result, budgetary B) are the norm and budgetary C) the rare exception. QUESTION 8

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials of Business Law

Authors: Anthony Liuzzo

9th edition

978-0078023194

Students also viewed these Economics questions