Fiscal Policy Is Difficult to Implement Quickly Because

question 103

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) a and b.
• E) a and c.

---

Definitions:

Standard Deviation

A metric that calculates the degree of spread or variability within a dataset.

Test Statistic

A numerical value derived from sample data that is utilized to determine the rejection of the null hypothesis in statistical hypothesis testing.

Visceral Pericardium

The inner layer of the pericardium that is in direct contact with the heart.

Epicardium

The outermost layer of the heart wall, composed of connective tissue and fat, providing lubrication for the heart.