Time Lags in the Implementation of Fiscal Policy

question 196

Multiple Choice

Time lags in the implementation of fiscal policy:

• A)make use of fiscal policy easier.
• B)render such policies useless.
• C)must be considered in implementation.
• D)are less problematic than those facing monetary policy.

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Definitions:

Simple Squamous

A single layer of flat cells, found in locations where processes such as filtration and diffusion take place.

Fenestrae

Small openings or pores, especially in the capillary endothelial cells, that allow for exchange of substances between the blood and surrounding tissues.

Interstitial Spaces

Areas that surround tissue cells, filled with interstitial fluid, which allows for the transport of substances between blood and cells.

Arteriosclerosis

A general term describing the thickening and hardening of the walls of the arteries, which can restrict blood flow to organs and tissues.