Which of the Following Is True About Time Lags and Fiscal

question 8

Multiple Choice

Which of the following is true about time lags and fiscal policy?

• A)​Changes in federal taxes can be implemented easily by the President without the approval of Congress.
• B)​Changes in fiscal policy that involves changes in government spending on public works projects do not involve significant time lags.
• C)​Once an appropriate fiscal policy has been determined it can be implemented quickly.
• D)​The lag time between when a fiscal policy is needed and when it is actually implemented is considerable.

---

Definitions:

Politicians

Individuals who are actively involved in politics, especially as elected officials, working within the governmental system to shape and implement policy.

Corrupt

Description of actions or individuals involved in dishonest or fraudulent practices, especially those in power.

English Monarchs

The sovereign heads of state of England, ruling over the country during its monarchy periods, historical and current.

Sane

Relates to a state of mind that exhibits reasonableness, rationality, and sound mental health, often legally used to determine an individual's competency.