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.

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Definitions:

Healthier Lives

a state of improved physical, mental, and social well-being, often pursued through lifestyle changes and wellness practices.

Negatives

Aspects, characteristics, or conditions that are harmful, undesirable, or unfavorable.

Substituted

Replaced one element with another.

Accurate

Free from errors, mistakes, or distortions; precise and correct in all details.