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Which of the following are limitations of fiscal policy?
I. There is a lag between recognizing that fiscal policy might be needed and when it actually takes effect.
II. Economic forecasts might be incorrect.
III. Monetary policy might counter fiscal policy.
Standard Deviation
A measure of the amount of variation or dispersion of a set of values, indicating how much the values differ from the mean.
Mean
Often referred to as average; the sum of all the numbers in a data set divided by the number of elements in the data set.
Romantic Partner
An individual with whom one shares a romantic relationship, characterized by feelings of love, attraction, and commitment.
Best Friend
A person's closest and most trusted friend, who is considered the most important friend in one's life.
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