Explain how time lags in discretionary fiscal policymaking could thwart the efforts of Congress and the president to stabilize real GDP in the face of an economic downturn. Is it possible that these time lags could actually cause discretionary fiscal policy to destabilize real GDP?

This problem has been solved!


Do you need an answer to a question different from the above? Ask your question!
Explain how time lags in discretionary fiscal policymaking could thwart the efforts of Congress and the president to stabilize real GDP in the face of an economic downturn. Is it possible that these time lags could actually cause discretionary fiscal policy to destabilize real GDP?
Related Book For answer-question

Economics Today

16th edition

Authors: Roger LeRoy Miller

ISBN: 978-0132554619