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In practice, discretionary fiscal policy has been unsuccessful in offsetting recessions or booms. been successful in offsetting booms but not recessions. been successful in offsetting

In practice, discretionary fiscal policy has

been unsuccessful in offsetting recessions or booms.

been successful in offsetting booms but not recessions.

been successful in offsetting recessions and booms.

been successful in offsetting recessions but not booms.

always had a very adverse effect on the economy.

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