Principles of Macroeconomics Study Set 14
Quiz 14: Fiscal Policy
Policy Rules Tend to Make the Budget Balance Less Predictable
Policy rules tend to make the budget balance less predictable.
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Policy rules tend to have the economy running a budget deficit during a recession and a budget surplus during an expansion.
In using countercyclical policy during a recession, the government faces a tradeoff between reducing unemployment now and reducing inflation in the long run. Please explain.
Why is discretionary fiscal policy considered risky or somewhat uncertain?
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