Discuss the limitations of fiscal policy during a recession. What fiscal policy has been used during previous
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Question:
Discuss the limitations of fiscal policy during a recession.
- What fiscal policy has been used during previous recessionary periods?
- How does the fiscal policy during the COVID-19 recession differ from normal recessions? Provide a minimum of 2 forms of difference.
Expert Answer:
Limitations of Fiscal Policy During a Recession 1 Time Lags One of the primary limitations of fiscal policy during a recession is the existence of time lags It takes time for fiscal measures such as c... View the full answer
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