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:

Substantial

Of considerable importance, size, or worth; something that is ample or significant in quantity.

More Than One Generation

This phrase typically refers to the involvement or consideration of multiple age groups within a family, community, or study, spanning parents, children, and possibly grandparents.

Class Stratification

The division of society into classes based on wealth, occupation, or social status, leading to inequality in access to resources and opportunities.

Classes

Organized groups of students meeting regularly to study a subject under the guidance of a teacher.