Fiscal Policy Is Difficult to Implement Quickly Because

question 37

Multiple Choice

Fiscal policy is difficult to implement quickly because

• A)it requires political negotiations.
• B)much of government spending is nondiscretionary and cannot be changed.
• C)increases in tax rates affect consumer spending gradually.
• D)it requires political negotiations, and much of government spending is nondiscretionary and cannot be changed.

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Definitions:

Environmental Racism

the disproportionate impact of environmental hazards on minority ethnic groups, often because of discriminatory policies or practices that expose these communities to pollutants.

Aboriginal Communities

Groups of indigenous people who are native to a particular geographical region, often maintaining practices, languages, and beliefs distinct from those of dominant cultures.

Bioprospecting

The process of searching for, collecting, and deriving medicinal or commercial products from biological resources, often involving indigenous knowledge.

Biocolonialism

The exploitation of indigenous knowledge and genetic resources by more technologically advanced societies without just compensation or acknowledgement.