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Typically,discretionary fiscal policy changes have to be approved by the parliament so a detailed proposal needs to be put forward by the government; parliamentary approvement may take a significant amount of time.As a result,________ for fiscal policy can be several months longer than for monetary policy.
Violent Protest
A form of political demonstration or action where participants engage in acts of violence to express their opposition to certain policies, conditions, or institutions.
Gross Domestic Product
The total value of all goods and services produced over a specific time period within a country's borders, used as a broad measure of economic performance.
High-Income Countries
Nations with a high gross national income per capita, which typically have advanced economic structures and offer a high standard of living to their citizens.
Latin American
Pertaining to regions in the Americas where Romance languages (primarily Spanish and Portuguese) are primarily spoken, encompassing cultural and historical aspects.
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