In Fiscal Policy, the Inside Lags Can Take a Long

question 84

Multiple Choice

In fiscal policy, the inside lags can take a long time because:

• A) macroeconomic data take time to gather and can be unreliable.
• B) changes in taxes and government spending require approval from Congress and the president.
• C) consumers are usually slow in spending their tax rebate checks.
• D) A and B are both correct.

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