Explain how time lags in discretionary fiscal policymaking could thwart the efforts of Congress and the president

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?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Economics Today

ISBN: 978-0132554619

16th edition

Authors: Roger LeRoy Miller

Question Posted: