Fiscal Policy Is Difficult to Implement Quickly Because

question 17

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) it requires political negotiations, and much of government spending is nondiscretionary and cannot be changed.
• E) it requires political negotiations, and increases in tax rates affect consumer spending gradually.

---

Definitions:

Mandorla

An almond-shaped nimbus surrounding the figure of Christ or other sacred figure. In Buddhist Japan, a lotus-petal-shaped nimbus.

Polychrome Wood

Wood items decorated with multiple colors of paint, often found in sculptures, religious figures, and decorative arts.

Juan Martínez Montañés

A distinguished Spanish sculptor of the Baroque period, celebrated for his religious sculptures and altarpieces in wood.

Ceiling Fresco

A painting technique where the artwork is applied directly onto the plaster of a ceiling while it is still wet.