- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 3. Fiscal Policy
- Subject 4. Fiscal Policy Implementation
CFA Practice Question
Because of the timing lags involved, fiscal policy can be ______.
A. Timing lags do not affect discretionary fiscal policy.
B. destabilizing
C. more effective
Explanation: Timing lags will tend to make discretionary fiscal policy destabilizing.
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