Question

Many economists caution that: there are time lags in the use of fiscal policy, and that fiscal policy must be carefully employed if it is to result in less, rather than more, economic fluctuation. recessionary gaps are so threatening that the government ought to be always ready to enact fiscal policy to counteract them. the existence of time lags makes the implementation of fiscal policy easier than it would be without the lags. recessionary gaps are often over before fiscal policy has any impact, so the fiscal policy has no impact on the economy.

          Many economists caution that:
there are time lags in the use of fiscal policy, and that fiscal policy must be carefully employed if it is
to result in less, rather than more, economic fluctuation.
recessionary gaps are so threatening that the government ought to be always ready to enact fiscal
policy to counteract them.
the existence of time lags makes the implementation of fiscal policy easier than it would be without
the lags.
recessionary gaps are often over before fiscal policy has any impact, so the fiscal policy has no
impact on the economy.

Many economists caution that:
there are time lags in the use of fiscal policy, and that fiscal policy must be carefully employed if it is
to result in less, rather than more, economic fluctuation.
recessionary gaps are so threatening that the government ought to be always ready to enact fiscal
policy to counteract them.
the existence of time lags makes the implementation of fiscal policy easier than it would be without
the lags.
recessionary gaps are often over before fiscal policy has any impact, so the fiscal policy has no
impact on the economy.

Added by Kelly B.

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