What Is the Effect of Lags in the Approval and Implementation

question 139

Multiple Choice

What is the effect of lags in the approval and implementation of fiscal policy?  

• A) Lags weaken fiscal policy as a tool of economic stabilization. 
• B) Lags increase the effectiveness of fiscal policy as a tool of economic stabilization. 
• C) Lags help legislators to better assess which policies are most appropriate to adopt. 
• D) Lags make fiscal policy more responsive to the current economic environment.

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