The Use of Discretionary Fiscal Policy Is Hampered by

question 25

Multiple Choice

The use of discretionary fiscal policy is hampered by
I.difficulty of estimating the level of potential GDP.
Ii.lack of accuracy of economic forecasts.
Iii.the small impact tax cuts and increases in government expenditure have on aggregate demand.

• A)i only
• B)ii only
• C)iii only
• D)i and ii
• E)i,ii,and iii

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Definitions:

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