(Answered) Downsides to fiscal policy such as fiscal lags

Economics

Problem: What is fiscal policy and expansionary and contractionary fiscal policies. Identify the situations in which expansionary fiscal policy and contractionary fiscal policy would be used. Provide examples of fiscal policy being used in both the past and present day.

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Question: Examine any downsides to fiscal policy such as fiscal lags, the impact on national debt or other issues. Be sure to support your response with specifics.

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Microeconomics, Economics

Category:- Microeconomics
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