Which of the following contributes to the lag in implementing fiscal policy?
it takes time for congress and the president to pass spending and tax changes.
current economic data takes time to collect and analyze.
it takes time for policy makers to realize an output gap exists.
it takes time for changes in spending and tax policy to take effect.
all of the above contribute

The correct answer is: All of the above contribute.

Explanation:

Fiscal policy is a branch of economic policy that configures the state budget, and its components, public spending and taxes, as control variables to ensure and maintain economic stability, damping variations in economic cycles, and contributing to maintain a growing economy, full employment and low inflation. The birth of Keynesian macroeconomic theory showed that fiscal policy measures greatly influence short-term variations in production, employment and prices.

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.