According to Gordon, Fiscal Policy "Is Severely Flawed as a Means

question 3

Multiple Choice

According to Gordon, fiscal policy "is severely flawed as a means of controlling the economy over the short run" because of

• A) the long time required for Congressional debate.
• B) the effects of temporary tax policy changes are small.
• C) the effects of temporary tax policy changes are unpredictable.
• D) All of the above.

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Definitions:

Liable

Legally responsible for causing damage or injury, thereby subject to civil legal action or compensation requirements.

Damages

A sum of money awarded in compensation for a loss or injury.

Forged Check

A check that has been illegally signed or altered by someone other than the account owner.

Obligated

A condition or situation where one is legally or morally bound to perform a certain action or fulfill a duty.