Which of the following is not a weakness of fiscal policy?O a. Fiscal policy might have undesirable long-term effects on short-run aggregate supply.b. Time lags in fiscal policy are long and variable.c. Fiscal policy works only during periods of stagflation.O d. Implementation of policy is difficult.e. Fiscal policy often affects only current income, but many economic decisions are made on the basis of permanent income.

Economics as a subject deals with the allocation of scarce resources among humans with unlimited…

Which of the following is not a weakness of fiscal policy? O a. Fiscal policy might have undesirable long-term effects on short-run aggregate supply. O b. Time lags in fiscal policy are long and variable. O c. Fiscal policy works only during periods of stagflation. d. Implementation of policy is difficult. e. Fiscal policy often affects only current income, but many economic decisions are made on the basis of permanent income.

Which of the following is not a weakness of fiscal policy? O a. Fiscal policy might have undesirable long-term effects on short-run aggregate supply. O b. Time lags in fiscal policy are long and variable. O c. Fiscal policy works only during periods of stagflation. d. Implementation of policy is difficult. e. Fiscal policy often affects only current income, but many economic decisions are made on the basis of permanent income.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter24: Fiscal Policy

Section: Chapter Questions

Problem 5P

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