Lags in the Approval and Implementation of Fiscal Policy

question 155

Multiple Choice

Lags in the approval and implementation of fiscal policy

• A)weaken fiscal policy as a tool of economic stabilization
• B)increase the effectiveness of fiscal policy as a tool of economic stabilization
• C)help legislators to better assess what policies are most appropriate to adopt
• D)make fiscal policy more responsive to the current economic environment
• E)cause fiscal policy to be more effective in changing the level of real GDP than changing the price level

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Definitions:

Auto Workers

Employees in the automotive industry, including those involved in the manufacturing, assembling, and selling of motor vehicles.

Huey Long

A populist political leader from Louisiana, who served as the state's governor and a U.S. Senator in the early 20th century, known for his Share Our Wealth program.

Francis Townsend

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