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Basic Question 3 of 11
Which of the following is a timing problem associated with discretionary fiscal policy?
II. Enacting the appropriate enabling legislation
III. Initiating a change in aggregate demand
I. Recognizing the existence of a macroeconomic problem
II. Enacting the appropriate enabling legislation
III. Initiating a change in aggregate demand
User Contributed Comments 3
| User | Comment |
|---|---|
| danlan | Three are all timing problems. |
| YOUCANDOIT | I) Recognition Lag II) Action Lag III) Impact Lag |
| khalifa92 | high ping |
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
explain the implementation of fiscal policy and difficulties of implementation as well as whether a fiscal policy is expansionary or contractionary
CFA® 2025 Level I Curriculum, Volume 1, Module 3.