The use of fiscal policy to stabilize the economy is limited because
A) changes in government spending and tax rates have a small effect on aggregate demand.
B) changes in government spending and tax rates have a small effect on interest rates.
C) the legislative process can be slow, which means that it is difficult to make fiscal policy actions in a timely way.
D) the Internal Revenue Service (IRS) resists changes in tax rates because of all the changes they would have to make to the tax code.
Answer: C
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Tuesday also turns out to be the busiest day for ___________ ticket sales and the __________ of the workweek.
Fill in the blank(s) with the appropriate word(s).
The total indebtedness of the federal government in the form of outstanding interest-earning bonds is the
What will be an ideal response?
The loss-minimizing firm will be earning total revenue of
A. OMHG.
B. OLJF.
C. OMQN.
D. EKHG.
Household income is ________ related to consumption and ________ related to household saving.
A. negatively; negatively B. positively; positively C. negatively; positively D. positively; negatively