Fiscal Policy Typical problems with using fiscal policy to manipulate economic growth include all but which one of the following? a)Poor means to fine tune an economy and can turn out to be inflationary b)It is often implemented too slowly due to political process c) Is necessarily designed to benefit large firms rather than small firms d)Government inefficiency and waste lead to low effectiveness

Cyclical and Defensive Industries At the peak of an economic cycle you can expect a ________ industry to begin to outperform other industries while at the trough you can expect a _______ industry to begin to outperform other industries. a)defensive; cyclical b)financial; nonfinancial c)durables; nondurables d)cyclical; defensive