One timing problem in using fiscal policy to counter a recession is the "administrative lag" that occurs between the:
A) Start of the recession and the time it takes to recognize that the recession has started
B) Start of a predicted recession and the actual start of the recession
C) Time fiscal action is taken and the time that the action has its effect on the economy
D) Time the need for the fiscal action is recognized and the time that the action is taken
Correct Answer:
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Q56: Q57: The table below shows the cyclically-adjusted budget Q58: The cyclically-adjusted budget deficit in an economy Q59: The built-in stabilizers in the economy tend Q60: The cyclically-adjusted surplus as a percentage of Q62: The cyclically-adjusted surplus in the U.S. went Q63: Without a change in discretionary fiscal policy, Q64: If people expected that a fiscal policy Q65: The crowding-out effect suggests that: Q66: The American Recovery and Reinvestment Act of
A) Increases in
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