Question
Which of the following is one of the problems with using fiscal policy to reduce the severity of business cycles? It takes too long for
Which of the following is one of the problems with using fiscal policy to reduce the severity of business cycles?
It takes too long for consumers to respond to fiscal policy.
Policies that are implemented could interfere with business investments of capital.
It should be based on rules that allow the money supply to grow at a consistent rate.
It is often implemented too late to be effective.
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Economics Principles and Policy
Authors: William J. Baumol, Alan S. Blinder
12th edition
978-0538453677, 538453672, 978-0538453622, 538453621, 978-0538453653
