There Are Four Limitations to the Effectiveness of Discretionary Fiscal

question 93

Multiple Choice

There are four limitations to the effectiveness of discretionary fiscal policy.Which item below is NOT one of these limitations?

• A)shrinking area of lawmaker discretion
• B)lawmaking time lag
• C)estimating potential GDP
• D)fiscal multiplier
• E)economic forecasting

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Definitions:

Society's Readiness

The degree to which a community or population is prepared to adopt and support a new policy, innovation, or change.

Integrity

The characteristic of integrity and steadfast adherence to high ethical standards.

Aligning Actions

Adjusting one's behavior, decisions, or strategies to match specified objectives, values, or the actions of others.

Seeking Mastery

The pursuit of a high level of proficiency or expertise in a particular area or discipline.